Rubrics Morning Comment 23.11.23
23rd November 2023
• Initial Unemployment Claims in US Decline by Most Since June; • US Consumer Year-Ahead Inflation Expectations Rise Further; • Far-Right Leader Wilders Scores Shock Victory in Dutch Vote; • Nagel Says ECB Close to Peak Rate, Can’t Exclude Another Move more
Rubrics Morning Comment 22.11.23
22nd November 2023
• Crushed Bond Shorts See Quants Rush to Exit Wrong-Way Fed Bets; • Bond Managers of $2.5 Trillion Make Case for Ditching Cash; • Treasury’s Latest Inflation Bond Sale Lures Weak Investor Demand; • Fed Minutes Show Unity on Cautious Approach to Further Hikes more
Rubrics Morning Comment 21.11.23
21st November 2023
• Bond Traders Get Nod from Auction to Keep Rally Rolling; • Treasuries Climb to Erase 2023 Losses as Fed Cut Bets Blossom; • Fed’s Barkin Says Inflation Job Not Done; Growth Easing to Trend; • Fed Increasingly Turning to Anecdotes to Gauge Economy more
Rubrics Morning Comment 20.11.23
20th November 2023
Bonds' Best Month Since March Faces 'Sanity Check' in Auction • Bond Managers Wary of False Dawns See Signs This Time's for Real • Fed’s Barr Says Recent Data Reinforce View Rates Near Peak (1) • Fed’s Collins Says Further Tightening Isn’t Off the Table (2) more
Rubrics Morning Comment 17.11.23
17th November 2023
• Treasury Yields Fall With Oil Amid Signs of Economic Weakness; • Treasuries Suffer First Outflows Since 2021 in September Rout; • New Fed Governors See ‘Considerably’ More Balance Sheet Runoff; • Oil Collapses Into Bear Market as Robust Supply Pressures OPEC+ more
Rubrics Morning Comment 16.11.23
16th November 2023
• Bond Traders Reload Bets on Higher Yields After Massive Rally; • Pimco's Ivascyn Warns of 'Too Much Enthusiasm' on 2024 Rate Cuts; • Summers Says ‘Transitory Factors’ Boosted Inflation, Now Ebbing; • Slipping US Retail Sales, Cooling Prices Point to Soft Landing more
Rubrics Morning Comment 15.11.23
15th November 2023
• US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes • Rate-Cut Euphoria Puts Global Bonds on Course to Erase 2023 Loss • Seismic Day for Treasuries Fuels Bets Fed to Slash Rates in 2024 • Dollar Tumbles Most in a Year as Traders Bet on End of US Hikes more
Rubrics Morning Comment 14.11.23
14th November 2023
• Wall Street Divided Over Just How Aggressive Fed Cutting Will Be; • US Inflation Report to Keep Fed Biased Toward More Tightening; • US Kicks Off Fiscal Year With an 87% Surge in Interest Costs; • UBS Strategists See Far Deeper Fed Rate Cuts Than Market Pricing more
Rubrics Morning Comment 13.11.23
13th November 2023
• A Big Bond Rally Needs a Recession With Fed Wary of 'Head Fakes'; • US’s Last Top Credit Rating Is Threatened in Shift by Moody’s; • US Consumer Long-Term Inflation Expectations Reach 12-Year High; • Daly Suggests Fed May Hike Again If Growth, Inflation Persist more
Rubrics Morning Comment 10.11.23
10th November 2023
• Treasury Yields Soar After Poor Auction, Powell Rate Comments; • Powell Says Fed to Be Careful, Won't Hesitate to Hike If Needed; • Fed Officials Say Full Impact of Past Rate Hikes Is Yet to Come; • ‘Dark Matter’ Bond Metric Mesmerizes Wall Street and Washington more
