Amid little major news for markets, the US dollar weakened slightly, while bond yields rose slightly. The S&P500 is up 0.3%.

US bond yields and the US dollar rose after surveyed US inflation expectations were stronger than expected. The S&P500 close down 0.2%.

Sentiment weakened slightly amid headlines on US banks and some softer US economic data. The S&P500 is down 0.2%, bond yields are slight lower, and the USD is higher. The BoE hiked as expected.

US CPI inflation data was slightly softer than expected, causing bond yields to fall sharply. The US dollar weakened slightly, while equities welcomed the result (S&P500 +0.5%).

Bond yields and the US dollar rose, and equities fell (S&P500 down 0.4%), with little major news for markets to digest.

Bond yields rose further, as Friday’s jobs strong jobs data continued to resonate, and credit conditions were not as weak as feared. Risk sensitive currencies outperformed defensive ones. The S&P500 is up 0.1%.

Risk sentiment was boosted by strong US jobs data. The S&P500 closed up 1.9%, bond yields rose, and the defensive USD fell.

US banking sector concerns weighed on risk sentiment, the S&P500 down 0.7%. Short maturity bond yields fell, while currencies were mixed. The ECB and Norges both hiked by 25bp as was expected.

The US Federal Reserve hiked by 25bp, as was widely expected, and hinted at a pause. Bond yields fell slightly in response, while equities also fell (S&P500 -0.7%). The US dollar weakened ahead of the decision, with little change afterwards.

Markets adopted a risk averse posture overnight amid growing concerns about US regional banks and some weak US job openings data. The S&P500 is down 1.1% and bond yields are lower.