Rubrics Morning Comment 06.02.24
6th February 2024
• Treasuries Suffer Large Two-Day Loss as Fed Message Sinks In; • Fed Says Banks Tightened Credit Standards in Fourth Quarter; • Fed's Goolsbee Says More Good Data Needed Before Starting Cuts; • Gross Places Derivative Bet on Yield Curve Turning Less Inverted more
Rubrics Morning Comment 02.02.24
2nd February 2024
• Treasuries Surge as Bank Stock Rout Rekindles Fed Rate-Cut Hopes; • Bond Traders Are Caught Offside as Bank Shock Sparks Stampede; • Goldman, BofA Throw in the Towel on March Rate Cut From Fed; • Money-Market Fund Assets Reach $6 Trillion for First Time more
Rubrics Morning Comment 01.02.24
1st February 2024
• Fed Keeps Rates Steady While Powell Says March Cut Unlikely; • Wall Street Gets Reality Check as Powell Saps Fast Rate-Cut Bets; • Fed’s Powell Cements Pivot But Pushes Back on Timing of Cuts; • US Increases Quarterly Debt Sale, Sees No More Boosts Coming more
Rubrics Morning Comment 31.01.24
31st January 2024
• Fed to Begin Mulling Cuts, Hold Rates Steady: Decision-Day Guide; • Fearing a Bond Selloff? History Shows FOMC Gains Are More Likely; • Fed Swaps Trim Odds of a March Rate Cut to About One in Three; • IMF Lifts World GDP Outlook on US Strength, China Fiscal Support more
Rubrics Morning Comment 30.01.24
30th January 2024
• Treasury Cuts Quarterly Borrowing Estimate to $760 Billion; • Fed’s QT Taper Seen Taking Longer, Wrightson Says; • Slump at Texas Factories Mirrors Weakness in Other Fed Surveys; • Oil Steady as Market Waits for US Response to Deadly Attack more
Rubrics Morning Comment 29.01.24
29th January 2024
• Biden Faces Pressure to Confront Iran After US Troops Killed; • Bond Traders Brace for Action. What They Really Want Are Answers; • Bond Market Braces for Record Auction Sizes for Some Treasuries; • El-Erian Says It’s Too Soon for Fed to Declare Inflation Victory more
Rubrics Morning Comment 26.01.24
26th January 2024
• Demand for Fed Funding Tool Hits Record Before Rate Hike; • US Extends Lead Over China in Race for World’s Biggest Economy; • Bond Traders Slightly More Optimistic on Fed After Mixed Data; • Oil Set for Best Week Since October on Rising Geopolitical Risks more
Rubrics Morning Comment 25.01.24
25th January 2024
• US Business Activity Expands at Fastest Pace in Seven Months; • US 30-Year Yield Reaches Year-to-Date High After Poor Auction; • Fed Raises Rate on Emergency Loan Program to Stop Arbitrage; • Bank of Canada Holds Rate at 5%, Signals It’s Done Hiking more
Rubrics Morning Comment 24.01.24
24th January 2024
• Treasury Yields Climb, With 30-Year Approaching Its 2024 High; • Traders Riding Long Treasury Positions Start to Feel The Squeeze; • Trump Defeats Haley in New Hampshire in March Toward Nomination; • Oil Hits the Doldrums as Mideast Risks Balance Supply Concerns more
Rubrics Morning Comment 23.01.24
23rd January 2024
• Bill Gross Says Fed Should Stop QT, Cut Interest Rates Soon; • Goldman’s Hatzius Sees US Soft Landing, Basis for March Fed Cut; • Goldman’s Schiffrin Sees Four Rate Cuts, 2% Inflation for 2024; • Oil Holds Gain With Brent Above $80 as US Pounds Houthis Again more
