WEEKLY WRAP-UP (s2023e17)

for the week ending Friday, November 3rd, 2023

Straight to the ‘tourist chart book this week. Let’s start with fixed-income as the massive decline in real rates was the reason for many of the moves in financial markets.

“Real” 10-year swap rates have declined by over 35 basis points over the past couple of weeks and although inflation swap rates were lower, the majority of the move resulted from a de…