Rubrics Morning Comment 20.12.23
20th December 2023
• Fed’s Bostic Says He Doesn’t See Urgency to Cut Interest Rates; • Barkin Suggests Fed Would Cut Rates If Inflation Keeps Falling; • Last Bond Bears Capitulate as Bets on Higher Fed Rates Vanish; • Wall Street Forced by Fed Into Rethink of 2024 Bond Yields more
Rubrics Morning Comment 19.12.23
19th December 2023
• Fed Officials Add to Chorus Pushing Back Against Rate-Cut Bets• BlackRock’s Rieder Says March Rate Cut Hopes Are Premature• Wall Street Forced by Fed Into Rethink of 2024 Bond Yields• Treasury Analysts’ 2024 Outlooks Aged Poorly: Research Roundup more
Rubrics Morning Comment 18.12.23
18th December 2023
• Fed Officials Push Back on Talk of Rate Cuts Early Next Year; • Fed's Goolsbee Says Too Early to Declare Victory Over Inflation; • Fed Pivot Is Welcome News for Biden, Carries Pitfalls for Powell; • Long-Dated Treasuries Enter Bull Market as Fed Pivot Feeds Rally more
Rubrics Morning Comment 15.12.23
15th December 2023
• Wall Street Traders Go All-In on Great Monetary Pivot of 2024; • Wall Street Shreds Fed Forecasts as Goldman Sees Cut in March; • Money-Market Fund Assets Pull Back for First Time Since October; • Dollar Drops to Weakest Since August as Traders Eye Fed Pivot more
Rubrics Morning Comment 14.12.23
14th December 2023
• Fed Prepares Shift to Rate Cuts in 2024 as Price Pressures Fade; • Fed Pivots to Rate Cuts as Inflation Heads Toward 2% Goal; • Treasuries 10-Year Yield Falls Below 4% as Fed Sees Rate Cuts; • Gundlach Clashes With Gross Over How Low Treasury Yields Can Go more
Rubrics Morning Comment 13.12.23
13th December 2023
• Fed Not Ready to Signal Near-Term Rate Cuts: Decision-Day Guide; • Bond Market’s Big Rate-Cut Wager Faces a Reckoning From the Fed; • US Consumer Prices Pick Up, Denting Hopes for Fed Rate Cuts; • Best Bond Forecasters of 2023 Say Rally Is Doomed to Fizzle more
Rubrics Morning Comment 12.12.23
12th December 2023
• Treasury Yields Climb as US Auctions Meet With Lackluster Demand; • Fed QT Slowing Seen Starting Around June Meeting, Wrightson Says; • Unchanged Consumer Prices to Give Fed Room to Consider Rate Cuts; • Oil Steadies After Glut Concerns Spur Longest Drop in Five Years more
Rubrics Morning Comment 11.12.23
11th December 2023
• Fed Rate-Cut Exuberance Ebbs After Jobs Data, Boosting US Yields; • Fed Starts to Confront the Next Big Question: Why to Cut Rates; • Oil Edges Up After Glut Fears Drove Worst Losing Run Since 2018; • New 60/40 Math Says Owning Bonds Is Costing Retirees Trillions more
Rubrics Morning Comment 08.12.23
8th December 2023
• Bond Traders Racing Ahead of Fed Face Reality Check on Jobs Data; • Fed’s Repo Backstop Gets Most Use Since 2020 Amid Funding Stress; • JPMorgan Sees Rates Rally Driving Single-Digit Returns for Bonds; • High-Yield Rally on Fed Optimism Sends Spreads to 19-Month Lows more
Rubrics Morning Comment 07.12.23
7th December 2023
• Bond Gains Renew as Drumbeat to Friday’s Jobs Report Intensifies• Fed’s Repo Backstop Gets Most Use Since 2020 Amid Funding Stress• US Firms Slow Hiring With Manufacturers Cutting Jobs, ADP Says• Options Position Targeting Fed at 2% by September Grows Further more
