Prop firm news

Yield on 10-year French bonds above 5% - for the first time since 2002

France has become Europe's main problem: the yield on its 10-year government bonds (OATs) broke through 5%, and the spread with German paper reached 158-160 basis points - the widest since 2011, that is, since the height of the eurozone debt crisis.

Waller: the Fed rate should rise further, but not at every meeting

Fed Board of Governors member Christopher Waller said that inflation in the US remains too high and further rate hikes are still necessary. At the same time, new steps may come with pauses, rather than at every consecutive meeting.