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US Treasury Yields Continue to Rise

Minneapolis, MN | August 4, 2023 | By: John Trefethen, Director & Co-Founder


Table of Contents:

  1. Market Moving Headlines

  2. Interest Rates

  3. Currencies

  4. Commodities

  5. Concept of the Week: Risk versus Speculation

  6. Quote of the Week

 

Market Moving Headlines

  • Natural gas rebounds from a 7-week low.

  • Germany electricity spot prices surge by 117.11%.

  • Colombian exports plunge for 7th straight month.

  • Oil rises after Saudia Arabia and Russia cut production.

  • The ISM Services PMI fell in July after reaching a 4-month high in June.

  • The yield on the US 10-year Treasury note continued to rise in August to 4.19%.

  • US initial jobless claims edge higher than expected.

  • US labor costs rise less than expected.

  • The Bank of England raised its policy interest rate by 25 basis points to 5.25%.

  • Wheat declines to a 3-week low.

  • Gasoline retreats from a 1-year high.

 

Interest Rates


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Currencies


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Commodities


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Concept of the Week: Explaining Hedging to Leadership


When implementing a hedging program, it is critical to educate and inform your leadership on what hedging is and is not. Some point to emphasize with leadership include:

  • Hedging is for preventing an existing risk from materially impacting earnings.

  • Hedging is not speculation.

  • Hedging is an exercise to manage volatility in the market.

  • Hedging offers protection against undesired market fluctuations.

  • Hedging is taken on by institutions that are risk adverse.

  • Not hedging is speculating.

Responsible and forward-thinking organizations will develop and implement a hedging program that aligns with their financial objectives and risk tolerance.


Quote of the Week


“The best way to predict the future is to have a strategy to protect against it.” – Paul Tudor Jones

 

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Author: John Trefethen, Director and Co-Founder

Mobile: 612-868-6013

Office: 952-746-6040


HedgeStar Media Contact:

Megan Roth, Marketing Manager

Office: 952-746-6056

 

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