Rubrics Morning Comment 08.01.24
8th January 2024
• US Payrolls, Wages Pick Up in Jobs Report Dotted With Caveats; • Bond Traders Are Resolute on 2024 Fed Cuts as Data Whips Yields; • Logan Says Fed Should Slow Asset Runoff as Reverse Repo Dwindles; • Bond Traders Seize on 4% Yields, Confident Fed Rate Cuts Coming more
Rubrics Morning Comment 05.01.24
5th January 2024
• Cheap Costs Push Use of Fed Term Funding Tool to Fresh Record; • Massive Bearish Treasury Option Trade Bets on Rout Post-Payrolls; • Traders Pare Fed, ECB Rate-Cut Bets After Stronger Economic Data; • Money-Market Fund Assets Rise to New All-Time High Amid Year-End more
Rubrics Morning Comment 04.01.24
4th January 2024
• Fed Sees Rates Staying High for Some Time With Cuts Eyed in '24; • Markets See Fed's QT Exit Nearing as Minutes Reveal Early Talks; • Bond Traders Show Early Signs of Doubting Dovish Fed Pivot; • Oil Rises for Second Day on Libyan Outages, Middle East Attacks more
Rubrics Morning Comment 03.01.24
3rd January 2024
• Treasuries Start Year on Back Foot as Global Rate-Cut Bets Ease; • Fed’s Balance Sheet Leaps Into Spotlight After Repo Volatility; • Oil Holds Decline With Risk-Off Tone Countering Red Sea Flare-Up; • Iran’s Red Sea Power Play Raises Fears of Trade Disruption more
Rubrics Morning Comment 02.01.24
2nd January 2024
• US 10-Year Yield Is Ending 2023 Almost Exactly Where It Started; • Treasuries Post First Gain Since 2020 as Fed Pivot Gets Traction; • Oil Advances as Iran Warship in Red Sea Ratchets Tensions Higher; • US Consumer Debt Just Returning to Normal Levels, Bernstein Says more
Rubrics Morning Comment 29.12.23
29th December 2023
• Maine's Top Election Official Bars Trump From Primary Ballot; • Dollar, Battered by Rate Cut Bets, Set for Worst Year Since 2020; • Use of Fed Term Funding Tool Rises to Record in Arbitrage Play; • Funding Rates Whipsaw as Strains Grip Markets Ahead of Year-End more
Rubrics Morning Comment 28.12.23
28th December 2023
• Global Bond ‘Carnival’ Sets Stage for Best Two Months on Record • US Treasuries Jump as Another Smooth Auction Boosts Confidence • Fed Surveys Across America Show Labor Market Cooldown in 2024 • Year-End Angst in Money Markets Echoes 2018 Crunch as Fed Exits more
Rubrics Morning Comment 27.12.23
27th December 2023
•Treasury Auctions Lure Buyers as Interest-Rate Cut Wagers Build• Fed Likely to End Term Funding Program in March, Wrightson Says• Oil Holds Large Gain as Fresh Red Sea Attack Puts Market on Edge• Houthi Attacks and US Strikes Heighten Risk of Wider Mideast War more
Rubrics Morning Comment 22.12.23
22nd December 2023
• Demand for Fed’s Bank Term Funding Facility Grows to Record High; • US Money-Market Funds See Second Straight Week of Outflows; • Euphoria on Fed Pivot Prospects Ignores the Lagging Hangover; • US Weighs Tariffs on Chinese Electric Vehicles, Other Goods more
Rubrics Morning Comment 21.12.23
21st December 2023
• Fed’s Harker Says Rates Should Move Down But Not Immediately; • Treasuries Rally With Global Bonds as Traders Lift Rate-Cut Bets; • US Housing Market Shows Signs of Life as Mortgage Rates Fall; • The Kings of a Colossal Bond Trade That's Spooking Regulators more
