CSOP USD Money Market Fund Wrap – 20230306
- The upcoming macro releases could help the market formulate the magnitude and frequency of the Fed hikes this year.
- Last week, two Federal Reserve policymakers cautioned that recent stronger-than-expected readings on the US economy could push them to raise interest rates by more than previously expected.
- This week, initial jobs claims data would be out on Thursday and unemployment rate data would be out on Friday together with change in nonfarm payrolls.
- The expectation for a higher terminal rate this year benefit $CSOP USD Money Market Fund(SGXZ96797238.FD$. As of 20230303, the fund has gross yield at 4.62% and net yield at 4.20%*.
- Last week, two Federal Reserve policymakers cautioned that recent stronger-than-expected readings on the US economy could push them to raise interest rates by more than previously expected.
- This week, initial jobs claims data would be out on Thursday and unemployment rate data would be out on Friday together with change in nonfarm payrolls.
- The expectation for a higher terminal rate this year benefit $CSOP USD Money Market Fund(SGXZ96797238.FD$. As of 20230303, the fund has gross yield at 4.62% and net yield at 4.20%*.
Source: CSOP, Bloomberg, as of 20230303.
* Gross yield is based on annualized yield of underlying holdings. 7-day net yield is calculated based on calendar days and NAVs in full decimal.
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Justin Zacks : As you pointed out, the employment numbers will be the ones to watch this week given how strong the labor market has been. Though not necessarily as market moving, Wednesday’s ADP National Employment report for February could provide a preview of what’s to come later in the week. Economists on average expect 200,000 jobs to have been added in the month.
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