27th December 2023

• Treasury Auctions Lure Buyers as Interest-Rate Cut Wagers Build
Indirect bidders took record share of 52-week bill offering
Fed swaps pricing in over 150 basis points of easing in 2024
https://blinks.bloomberg.com/news/stories/S6ASE1T0G1KW

• Fed Likely to End Term Funding Program in March, Wrightson Says
Bank Term Funding Program set to expire March 11, 2024
‘Difficult to defend’ renewal in normal environment: Crandall
https://blinks.bloomberg.com/news/stories/S6A4XGDWLU68

• Oil Holds Large Gain as Fresh Red Sea Attack Puts Market on Edge
Yemen-based Houthis strike a container ship in key waterway
Many vessels continue to avoid Suez Canal amid rising tensions
https://blinks.bloomberg.com/news/stories/S6BBL0DWX2PS

• Houthi Attacks and US Strikes Heighten Risk of Wider Mideast War
Austin says US will take ‘necessary measures’ for protection
Iran-backed Houthi rebels hit another ship in the Red Sea
https://blinks.bloomberg.com/news/stories/S6B0V3T0AFB4

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