Rubrics Morning Comment 09.11.23
9th November 2023
• Quant, Asset Manager Buying Adds Juice for Bigger Treasury Rally; • Swaps Markets Price a Game-Over Scenario for Global Hiking Cycle; • Pandemic Savings May Last to Mid-2024: San Francisco Fed Study; • Oil Holds Near Three-Month Low as Demand Headwinds Proliferate more
Rubrics Morning Comment 08.11.23
8th November 2023
• Fed Officials Want More Time to Assess Impact of Rise in Yields; • Quant, Asset Manager Buying Adds Juice for Bigger Treasury Rally; • Bond Traders Bet Seventh Time’s a Charm by Predicting Fed Pivot; • US Estimated Debt Interest Costs Climb Past $1 Trillion a Year more
Rubrics Morning Comment 07.11.23
7th November 2023
• Treasury Yields Rise as Corporate Bond Sales Put Focus on Supply; • Fed Says Tight Credit Standards, Weak Demand Persist at US Banks; • US Retiree Surplus Is Still Near Two Million, Years After Covid; • Fed’s Kashkari Says Too Soon to Declare Victory on Inflation more
Rubrics Morning Comment 06.11.23
6th November 2023
• Best Run for Bonds Since 2020 as Traders Bet on Fed-Hike Finale; • US Yields Dive After Jobs Data as Traders Move Up Rate-Cut Bets; • Hedge Funds Catapulted Treasury Shorts to Record at Wrong Time; • Fed’s Bostic Says FOMC Has Time to Watch, Be Patient on Rates more
Rubrics Morning Comment 03.11.23
3rd November 2023
•Treasuries Long-End Surges, Extending Post-Fed, Refunding Rally • US Productivity Grows by Most Since 2020, Labor Costs Decrease • US Continuing Jobless Claims Rise for Sixth Week as Labor Cools • Franklin Templeton, Citadel Securities Curb Bond Optimism more
Rubrics Morning Comment 02.11.23
2nd November 2023
• Treasuries Have Best Day Since March on Refunding, Fed Path • Fed Signals Yield Rise Reduces Need to Hike, But Door Still Open • US Slows Its Ramp-Up of Longer-Term Debt Sales, Spurring Rally •US Job Openings Unexpectedly Rise a Second Month to 9.6 Million more
Rubrics Morning Comment 01.11.23
1st November 2023
• Soaring Treasury Yields Pressure US Swap Spreads to a Record Low • US Employment Costs Rise at Faster Pace on Pickup in Wage Growth • Wall Street Predicts a $114 Billion Quarterly Refunding • Druckenmiller Says He Has ‘Massive’ Bullish Bets on 2-Year Notes more
Rubrics Morning Comment 27.10.23
27th October 2023
• US Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021 • Yellen Says GDP Data Show US Economy Is ‘Doing Very Well’ • Bond Math Is Tipping in Investors’ Favor After Yields Hit 5% • American Summer of Spending Goes Beyond Taylor Swift and Movies more
Rubrics Morning Comment 26.10.23
26th October 2023
• Treasury Rates Jump as Poor Auction Puts Focus on November Sales; • Strongest US Economic Growth Since 2021 Puts Fed in Tough Spot; • US New-Home Sales Surge to Fastest Clip Since February 2022; • Bond Market’s ‘Vicious Cycle’ Risk Puts Spotlight on Fed’s QT more
Rubrics Morning Comment 25.10.23
25th October 2023
• Last Time US Yields Rose So Much the Economy Tanked Twice; • Business Activity Gains Momentum as US Inflation Gauges Cool; • Bond Funds Bracing for Futures Shakeup to Bolster Yield Surge; • Fed Watchdog to Review Board Role in Choosing Fed Bank Leaders more
