The US dollar and bond yields rose, with no obvious news catalysts apart from some hawkish comments from ex-Fed members. The S&P500 is currently unchanged.

US equities rose, the S&P500 up 0.7% on the day. The AUD and NZD also performed well, after initially making one-month lows. Short-maturity bond yields fell.

Amid a holiday-thinned session in the US, the US dollar rose slightly further and bond yields remained elevated - residual effects of yesterday’s strong inflation data. The S&P500 is up 0.2%.

Strong US inflation data boosted bond yields and the US dollar, but depressed equities (the S&P500 is currently down 0.3%) and commodities.

Risk sentiment appeared to weaken broadly, with risk sensitive currencies, bond yields, and equities all lower. The S&P500 is down 0.5%. There was no major market-moving news.

US equities remained elevated, the S&P500 up 0.1% currently. The US dollar fell, while bond yields rose amid some hawkish Fedspeak.

The Bank of England surprised markets by not hiking, causing a fall in bond yields globally as central bank paths were repriced. The GBP fell sharply, dragging other risk-sensitive currencies lower. The S&P500 is up 0.3% to a record high.

The Federal Reserve announced that it would start reducing QE this month. This was widely expected, the USD slightly lower but bond yields slightly higher in response. The S&P500 is up 0.5% on the day.

Equity market sentiment was strong, the S&P500 rising 0.3% to a record high. That didn’t benefit risk-sensitive currencies, though, and bond yields fell.

In a subdued session with markets awaiting this week’s Fed meeting, the S&P500 fell 0.1% from a record high, and the US dollar and bond yields fell slightly.