Rubrics Morning Comment 21.02.24 – Rubrics – Asset Management

21st February 2024

Markets Start to Speculate If the Next Fed Move Is Up, Not Down

Interest-rate options reveal some small hedging of Fed hikes

Pimco sees rising shipping costs as complicating Fed policy

https://blinks.bloomberg.com/news/stories/S8WP3FT1UM0W

Fed Likely to Run QT Unabated While Liquidity Drain Continues

Reverse repo use shrinks and cash shifts to bank reserves

Liquidity discussion may be part of FOMC minutes due Wednesday

https://blinks.bloomberg.com/news/stories/S95SX2DWRGG0

Canada Bonds Surge as Inflation Slows More Than Forecast

CPI is back within BOC control range for first time since June

Central bank’s core inflation measures also decelerated

https://blinks.bloomberg.com/news/stories/S95QXYDWX2PS

Hedge Fund That Beat Canada’s Market Is Gearing for Rate Cuts

Amplus fund is adding Canadian government bonds for duration

Bank of Canada poised to cut rates despite shelter inflation

https://blinks.bloomberg.com/news/stories/S8UQTJT1UM0W

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