The Daily Shot Brief – May 28, 2026
This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
Refinancing activity fell to the lowest level in nearly a year.
United Kingdom
The 10-year gilt yield fell for eight consecutive days, the longest streak since late 2023.
Japan
These charts show a longer-term view for both the nominal and inflation-adjusted FX rates—the trade-weighted real JPY is trading at the lowest level since 1971.
Emerging Markets
Brazilian inflation-linked bonds offer much higher real yields than those of other emerging markets.
Equities
The share of technology and adjacent sectors has grown to 58% of the S&P 500, while it is just 28% of the S&P 600.
Rates
The 10-year bond yields 20 years forward between the US and Japan have largely converged.
Commodities
Gold fell below its long-term support.
