8th February 2024

  • Treasury’s Biggest-Ever 10-Year Auction Garners Solid Demand

Auction for $42 billion awarded at 4.093%, below pre-sale rate

Yields had retreated from near highest levels of past month

https://blinks.bloomberg.com/news/stories/S8I3A3DWLU68

  • Fed’s Collins Sees Rate Cuts Coming ‘Later This Year’

Collins aligns with Powell, others in seeking more confidence

Boston Fed chief sees risk that neutral rates are now higher

https://blinks.bloomberg.com/news/stories/S8HXWUDWRGG0

  • Fed Officials Add to Chorus Tempering Hopes for Rate Cuts Soon

Kugler says it may be appropriate to lower rates at some point

Collins, Kashkari, Barkin looking for more inflation progress

https://blinks.bloomberg.com/news/stories/S8I0TQDWLU68

  • NY Fed’s Remache Says Return to Pre-Covid Balance Sheet Unlikely

Remache says Fed’s RRP future use will be ‘important’ question

Unwind has shrunk balance sheet total assets to $7.63 trillion

https://blinks.bloomberg.com/news/stories/S8I63PDWLU68

CLICK HERE TO READ THE FULL ARTICLE

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