29th June 2022

  • US Consumer Confidence Hits 16-Month Low on Drag From Inflation

Conference Board index sags to 98.7, lowest since February ’21

Expectations index plummets to worst in nearly a decade

https://blinks.bloomberg.com/news/stories/RE6Z59T0G1KW

  • Treasury Bears Capitulated as Recession Fear Dragged Down Yields

Proportion of market that is long now in balance with short

Bearish bets flushed out as yields rejected multiyear highs

https://blinks.bloomberg.com/news/stories/RE6XVGT0G1KW

  • Real Rates That Powell Watches Are Still Far From Shouting Stop

Fed boss underscored that short-end real rates still negative

Market expectations for inflation still well above Fed target

https://blinks.bloomberg.com/news/stories/RDVP2DT0AFB6

  • Great Inflation Trade on Wall Street Peaking Across Assets

Bond investors cut inflation hedges at fastest pace since 2013

Wells Fargo’s Harvey calls end of great value rotation

https://blinks.bloomberg.com/news/stories/RE73WOT1UM0W

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