Michigan Consumer Sentiment rises; inflation expectations increase
Michigan Consumer Sentiment: ACTUAL 46.3 vs Expecting 47.5. Michigan Inflation Expectations 1-year: ACTUAL 4.7% vs Previous 4.6%. 5-year: ACTUAL 3.5% vs Previous 3.4%.
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Michigan Consumer Sentiment: ACTUAL 46.3 vs Expecting 47.5. Michigan Inflation Expectations 1-year: ACTUAL 4.7% vs Previous 4.6%. 5-year: ACTUAL 3.5% vs Previous 3.4%.
MUFG Bank's Derek Halpenny said Japan potentially introducing tax-free opportunities to hold domestic government bonds could support the yen and affect flows into foreign equity markets. He also noted record foreign equity purchases through Japan's NISA program and said the dollar rose 0.2% to 158.23 yen.
Fitch says U.S. and European high-yield credit continues to benefit from solid investor demand, with lenders and investors competing to finance leveraged issuers. The firm said spreads remain below the 20-year average, supporting risk-adjusted returns.