7th December 2023

• Bond Gains Renew as Drumbeat to Friday’s Jobs Report Intensifies
Thirty-year bond’s yield falls below 4.25%, last seen Sept. 1
Drop in oil futures price to lowest since July aids rally
https://blinks.bloomberg.com/news/stories/S59PR2DWX2PS
• Fed’s Repo Backstop Gets Most Use Since 2020 Amid Funding Stress
Counterparties tapped facility for $203 million on Dec. 5
Rise comes after SOFR jumped to record high 5.39% on Dec. 1
https://blinks.bloomberg.com/news/stories/S59KYKDWX2PS
• US Firms Slow Hiring With Manufacturers Cutting Jobs, ADP Says
Leisure and hospitality sheds jobs for first time since 2021
Wage growth moderates to slowest pace in more than two years
https://blinks.bloomberg.com/news/stories/S58ZMGDWX2PS
• Options Position Targeting Fed at 2% by September Grows Further
https://blinks.bloomberg.com/news/stories/S594UYDWRGG0

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