Fed's Waller in no rush / 7y UST auction good / BoJ latest / DJT : Trump hype / U.S PCE tom / Happy Easter, Schöne Ostern, Joyeuses Pâques à toi et les tiens

Fed's Waller, known hawk, is in no hurry to cut (either real print lower in inflation or deteriorating economy is needed to change his mind), Oz equity markets hit new highs on softer than expected inflation data, 7y UST auction also went like a dream, 1bp through (not surprising with the usual month quarter-end bid in bonds), USD a little firmer, GOLD near highs, beware month/quarter end flows today, markets mostly closed (FX open) tomorrow for the PCE data + Powell

“A sticky inflation scenario is maybe not a baseline, but it is a realistic case. And I think investors and people looking at the economy need to start thinking about it:” Pimco’s Richard Clarida

The ECB may be able to lower interest rates “swiftly” even as workers receive large wage increases to catch up with two years of elevated inflation

Nearly half of all investors expect a "no landing" scenario for the economy where inflation remains but there’s no recession, Deutsche Bank survey shows

Reinsurers to bear the bulk of insured cost of Baltimore bridge collapse

Thiel, Bezos and Zuckerberg join parade of insiders selling tech stocks. Bosses sell hundreds of millions of dollars in company shares this quarter in sign that markets may be peaking? >>> why not, let's see about this, we all know valuations gone a little parabolic of late, so far though, valuations didn't matter

Trump Media : DJT : revenues 3mio and loosing cash - valuation $9bn, fwiw price-to-sales is 2000 - what a world, 'Trump hype' maybe but that's real $$$'s >>> Trump should add a few BTC to his balance-sheet, add 'Ai' to his company name and crypto tech group, and the shares will go to $1K and he will be one of the richest person in the world..!

BOJ Latest: Japan’s FX chief Masato Kanda vowed to take appropriate action against excessive swings without ruling out any options, saying he sees speculative moves behind the yen’s plunge. Most traders are now eyeing 152 per dollar as a possible trigger for direct intervention

JPM's Dubravko does not give up ''S&P 500 will plummet 20% and finish the year at 4,200'', one of the reason is ''Crude Oil could soar to $100/barrel before the U.S. Presidential Election due to Russia's production cuts warns JP Morgan''

Citi raises China 2024 GDP growth forecast to 5.0% from 4.6% previously

The Fed has $950 bn in unrealized losses on their Treasury/MBS holdings

BOE's Haskel: I think rate cuts are a long way off