Rubrics Morning Comment 01.11.24
1st November 2024
• Treasuries Post Worst Monthly Loss Since 2022 as Election Looms • Key US Inflation Gauge and Spending Pick Up in Solid Economy • US Jobless Claims Fall to Five-Month Low as Storm Impact Fades • UK Rout Deepens as Reeves Budget Worries Spread Across Markets more
Rubrics Morning Comment 31.10.24
31st October 2024
• US Economy Expands at 2.8% Rate, Powered by Resilient Consumer • US Hiring in ADP Data Rises to Fastest Pace in More Than a Year • Eurozone Growth Beats Expectations, Germany Dodges Recession • Reeves Lifts UK Taxes by £40 Billion in Post-Election Budget more
Rubrics Morning Comment 30.10.24
30th October 2024
• US Job Openings Decline to Lowest Level Since Early 2021 • EU Imposes Tariffs on China EVs, Risking Retaliation • French Economy Gathers Speed With Boost From Paris Olympics • Reeves to Raise Taxes to ‘Rebuild’ UK in High-Wire First Budget more
Rubrics Morning Comment 29.10.24
29th October 2024
• US Treasury Trims Borrowing Estimate to $546 Billion for Quarter • Next Hurdle for Treasuries Is Whether US Keeps Debt Sales Stable • Goldman Sachs Sees Another SOFR Spike on Record Treasury Deluge • Yardeni Sees Bond Vigilantes Mustering as US, UK Prep Debt Sales more
Rubrics Morning Comment 25.10.24
25th October 2024
• Trump 2.0 Haunts World Economy Chiefs in Washington Before Vote • Bond Selloff Stalls With Yields Near Highest Levels Since July • Euro-Zone Private-Sector Economy Fails to Grow for Second Month • UK Bonds Fall as Reeves Opens Door to More Borrowing in Budget more
Rubrics Morning Comment 24.10.24
24th October 2024
• Surge in Treasury ‘Term Premium’ Warns of Rising Bond Risks • Harris Seeks Advantage From Trump’s Alleged Praise of Hitler • Fed’s Beige Book Shows Little Growth Across Most of US • US Previously Owned Home Sales Fall to an Almost 14-Year Low more
Rubrics Morning Comment 23.10.24
23rd October 2024
• Treasuries Plunge Like It’s 1995 as Traders See Soft Landing • IMF Lowers Global Growth Forecast, Warns of Increasing Risks • Cost to Hedge Against Treasuries Losses Soars to Highest of 2024 • Bank of Canada in Position to Speed Up Rate Cuts: Decision Guide more
Rubrics Morning Comment 22.10.24
22nd October 2024
• Bonds Are Selling Off Everywhere as Traders Rethink Fed Pathway • Fed’s Schmid Favors Slower Pace for Interest-Rate Reductions • Fed’s Logan Repeats Call to Lower Rates Gradually Amid Risks • China’s Capital Inflow Jumps in September as Firms Shift to Yuan more
Rubrics Morning Comment 21.10.24
21st October 2024
• World’s $100 Trillion Fiscal Timebomb Keeps Ticking: Eco Week • World Economy Fault Lines Shift From Prices to Politics and Debt • US Interest Burden Hits 28-Year High, Escalating Political Risk • US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid more
Rubrics Morning Comment 17.10.24
17th October 2024
• ECB to Step Up Pace With Back-to-Back Rate Cuts: Decision Guide • China’s $562 Billion Loan Push for Unfinished Homes Disappoints • Shakeup in Bond Futures Stands to Reignite Burned Treasury Trade • UK Inflation Undershoot Prompts Traders to Ramp Up Rate Cut Bets more
