The View from 5th Avenue

The View from 5th Avenue – 11 June 2024

US indices battled, fought and clawed its way back into the green after spending majority of today’s session gassed in the red in front of May CPI data and June’s FOMC meeting tomorrow. Quick fade for major US averages post open with the DXY catching a bid coupled with some profit taking and financials making exacerbated moves off macro deterioration and rates potentially peaking. After a solid 10-year auction this afternoon, bonds sold off, with a better than average “BTC” (Bid to Cover, highe…

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