Macro Briefing: 16 May 2022

* Ukraine can win this war, says NATO chief
* Wheat prices rise globally after India’s export ban
* US consumer spending slowing, predicts Goldman Sachs economists
* China retail sales and industrial output fell more than expected in April
* Crypto prices show little diversification benefit vs. stocks and bonds
* US consumer sentiment falls to 11-year low in early May
* Is the policy-sensitive 2yr US Treasury yield peaking?