The markets are looking more bullish on the financial services industry, as the market is expected to see a significant increase in trading volumes.
The benchmark 10-year US Treasury yields have increased to 3.64%, while the 10-month US treasury yield is 4.26%.
The yield for 10-y-old corporate bonds has also been rising sharply, rising to 6.17%.
The benchmark 10 year US Treasury yield has increased to 5.17%, while 10-yr US Treasury note yields are rising at a healthy rate.
JP Morgan futures are trading at 6.30% ahead of the earnings announcement of the CEO of the bank, Jamie Dimon.
In the past, JP Morgan has been in a bullish position as its cash balance increased and its credit rating rose.
This was seen as a signal of confidence in the firm.JP Morgan’s earnings are expected to be much better than its peers and it could be the catalyst that drives higher profits.
The bank is facing pressure to slash costs as its financials business is facing a slump.
A key focus is its US mortgage business, which has been suffering due to a shortage of loans.
In its quarterly report, JPMorgan said it expects to cut $1.3bn in costs this year as it struggles to meet demand from home buyers and borrowers.
The company has been slashing expenses in a bid to drive more cash into its financial assets, including mortgage and insurance.
A senior executive said the company’s cash balance would be cut by $1bn.
This will help the bank’s earnings growth, but it is still expected to grow at a slower pace than peers.
JPMorgan, however, has raised a further $2.6bn in its latest round of capital raising.