Rubrics Morning Comment 10.08.23
10th August 2023
• Bond Market Inflation Gauge Shows Doubts About Swift Fed Victory; • Oil Holds Nine-Month High as Supply Risks Offset US Stockpiles; • US Sells 10-Year Notes With Yield Under 4% as Demand Persists; • China Deflation Provides Limited Relief for Global Central Banks more
Rubrics Morning Comment 09.08.23
9th August 2023
• Treasury Bill Demand Is So Strong It’s Crowding Out Money Funds; • Pensions Eye Private Assets to Hedge Against Stubborn Inflation; • Inflation Is Ebbing, But Prices Are High and Americans Feel It; • Harker Says Fed May Now Be at Point Where It Can Hold Steady more
Rubrics Morning Comment 08.08.23
8th August 2023
• Treasury Auction Deluge Set to Test Investors' Appetite for Debt; • Ballooning Bets Against Treasuries Distort US Funding Markets; • Goldman, JPMorgan Say Buy Treasuries After Last Week’s Big Rout; • Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure more
Rubrics Morning Comment 04.08.23
4th August 2023
• Bond Market on the Ropes Confronts Risk of Pivotal Jobs Report; • Surprise Steepening Is Treasury Pain Trade Few Had Anticipated; • Fed’s Barkin Says Inflation-Rate Drop May Be Soft-Landing Signal; • US Service Sector Activity Expanded at Slower Pace in July more
Rubrics Morning Comment 03.08.23
3rd August 2023
• Treasury Yields Hit 2023 Highs on Strong Job Market, Debt Deluge; • US Ramps Up Debt Issuance, Adding Fuel to Selloff in Treasuries; • Fitch’s US Credit Downgrade Sparks Criticism Along With Unease; • Paulson, Geithner Urge Moving on US Debt Before It’s Even Harder more
Rubrics Morning Comment 02.08.23
2nd August 2023
• US Stripped of AAA Rating by Fitch as Budget Deficits Swell; • Treasury 30-Year Yield Jumps to Highest Level Since November; • Treasuries Are Still In a Class of Their Own Despite Fitch Cut; • ‘Summer of Disinflation’ Likely to Prod Fed to Skip in September more
Rubrics Morning Comment 01.08.23
1st August 2023
• Fed Says US Banks Tightened Credit Further in Wake of Failures; • Fed’s Goolsbee Says Next Rate Move Open Even as Inflation Eases; • US Treasury Boosts Quarterly Borrowing Estimate to $1 Trillion; • Traders Brace for $102 Billion Wave of Treasury Bond Sales more
Rubrics Morning Comment 31.07.23
31st July 2023
• US Inflation Cooled While Consumer Spending Picked Up in June; • New Risks Shadow Bond Market as Fed’s Rate-Hike Cycle Nears End; • Key US Inflation, Wage Measures Cool in Boost for Soft Landing; • Kashkari Calls Inflation Outlook ‘Positive,’ Expects Job Losses more
Rubrics Morning Comment 28.07.23
28th July 2023
• Global Bond Losses Grow as Japan Loosens Yield-Control Policy; • US Economy Powers Ahead, Boosting Chances of Skirting Recession; • Pimco’s Ivascyn Says It’s ‘Dangerous’ to Think the Fed Is Done; • US Factory Building at Record High Delivers Big Boost to Growth more
Rubrics Morning Comment 27.07.23
27th July 2023
• Fed Raises Rates as Powell Keeps Options Open for Future Hikes; • Powell Says Fed’s Staff Is No Longer Forecasting a Recession; • Fed’s Tightening Leaves Wall Street Pondering What Comes Next; • The Money-Minting, Fed-Day Trade Died When Inflation Buckled more
