Rubrics Morning Comment 21.11.23 – Rubrics – Asset Management

21st November 2023

Bond Traders Get Nod from Auction to Keep Rally Rolling

Unfortunately timed sale of 20-year bonds draws good demand

Treasuries are headed for biggest monthly gain since March

https://blinks.bloomberg.com/news/stories/S4FT7GDWLU68

Treasuries Climb to Erase 2023 Losses as Fed Cut Bets Blossom

Volatile year saw $26 trillion market swing from gains to loss

Rally eases concerns of a third-straight year of declines

https://blinks.bloomberg.com/news/stories/S3OK1EDWRGG0

Fed’s Barkin Says Inflation Job Not Done; Growth Easing to Trend

Focus remains getting price growth back to Fed’s 2% goal

Still needs to be convinced inflation is slowing, he says

https://blinks.bloomberg.com/news/stories/S4FO97DWX2PS

Fed Increasingly Turning to Anecdotes to Gauge Economy

Policymakers see field visits as key to understanding economy

Even as growth data has been strong, anecdotes show slowing

https://blinks.bloomberg.com/news/stories/S4FD09DWRGG0

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