2nd January 2024

  • US 10-Year Yield Is Ending 2023 Almost Exactly Where It Started

But it’s been a wild ride, with rates swinging from 3.25%-5%

Rate is finishing year around 3.9% after big two-month rally

https://blinks.bloomberg.com/news/stories/S6FZ83DWLU68

  • Treasuries Post First Gain Since 2020 as Fed Pivot Gets Traction

Yields retreat from multiyear highs reached in October

Debt supply concerns ease as auction-size growth is pared

https://blinks.bloomberg.com/news/stories/S6DPHCT1UM0W

  • Oil Advances as Iran Warship in Red Sea Ratchets Tensions Higher

Iran sends destroyer to waterway as US Navy sinks Houthi boats

Brent declined 10% last year in first annual drop since 2020

https://blinks.bloomberg.com/news/stories/S6MDT2T1UM0W

  • US Consumer Debt Just Returning to Normal Levels, Bernstein Says

Biden adviser says Americans ‘in good shape’ on debt servicing

Rising after-tax income in 2023 will support spending, he says

https://blinks.bloomberg.com/news/stories/S6JCE2T0G1KW

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For more information please contact Rubrics Asset Management. info@rubricsam.com.