Rubrics Morning Comment 25.08.23
25th August 2023
• Fed Officials See Rates Close to Peak, Differ on How Close; • Bond Traders Are Obsessing Over R* Gauge Before Jackson Hole; • T-Bill Deluge Risks Draining Bank Reserves, St. Louis Fed Warns; • Mortgage Rates in the US Jump to 7.23%, Highest Since May 2001 more
Rubrics Morning Comment 24.08.23
24th August 2023
• Big Short Squeeze Risk Stalks Bond Markets as Yields Reverse; • US Business Activity Barely Expands on Subdued Customer Demand; • Inflation-Linked Treasuries Face Key Test After Bruising Month; • Powell to Map Final Steps in Inflation Fight at Jackson Hole more
Rubrics Morning Comment 23.08.23
23rd August 2023
• Traders Dial Back Expected Fed Rate Cuts as Recession Risks Ease; • TD Says Two-Year Treasury Yields at 5% Is ‘Pain Trade’ for Banks; • T-Bill Yields to Climb Further With Foreign Money Steering Clear; • Two Regional Fed Boards Sought to Hold Discount Rate in July more
Rubrics Morning Comment 21.08.23
21st August 2023
• NABE Survey Shows More Confidence Fed Can Pull Off Soft Landing; • US Consumers Near Day of Reckoning as Pandemic Cash Stash Wanes; • Bidenomics Brand Faces Hard Sell With Voters in Obamacare Repeat; • US ‘Hard Landing’ View Has TCW’s Patton Bullish on Treasuries more
Rubrics Morning Comment 18.08.23
18th August 2023
• Treasuries to Rebound as US Recession Looms, Schroders Says; • BofA’s Warning of a ‘5% World’ Sinks In as Bond Yields Surge; • Inflation-Protected Bond Bulls’ Pain Thresholds Get Tested; • Money-Market Assets Hit Fresh Record on Fed Path Uncertainty more
Rubrics Morning Comment 17.08.23
17th August 2023
• Global Yields March to 15-Year Highs Even as Investors Pile In; • Treasury Market 2023 Gains Vanish as Long-Dated Yields Rise; • Summers Sees 10-Year Yields Averaging 4.75% in Coming Decade; • US Treasury 10-Year at a ‘Good Entry Point,’ HSBC’s Major Says more
Rubrics Morning Comment 16.08.23
16th August 2023
• Fed Officials Shift Rates Debate From ‘How High’ to ‘How Long’; • US Retail Sales Top Forecasts, Showcasing Consumer Resilience; • US Homebuilder Sentiment Declines for First Time This Year; • Fed Minutes Set to Show Only a Minority Saw End of Tightening more
Rubrics Morning Comment 15.08.23
15th August 2023
• US Real Yield Climbs to 14-Year High, Stoking Demand for Dollar; • Yellen Says China’s Slowdown Is ‘Risk Factor’ for US Economy; • Yellen Sees Path to Easing Inflation, Keeping Healthy Job Market; • Near-Term Inflation Outlook at Lowest Since 2021 in Fed Survey more
Rubrics Morning Comment 14.08.23
14th August 2023
• Bond Market Sees No End to Tumult as Fed Casts a Hawkish Shadow; • Real Long Bond Yields on Cusp of 2% to Seriously Tempt Investors; • Bill Gross Slams Stock and Bond Bulls, Says Markets ‘Overvalued’; • US Treasuries on Track for Record Year of Inflows, BofA Says more
Rubrics Morning Comment 11.08.23
11th August 2023
• Fed Seen Pausing After Tame CPI Data, But Mission Not Over; • Daly Says Fed Has ‘More Work to Do’ to Get Inflation to Goal; • Soft-Landing Optimism Fails to Sway Most Wall Street Economists; • Fed-Favored Services Inflation Gauge Re-Accelerates in July more
