Rubrics Morning Comment 21.02.23
21st February 2023
• Treasuries Start Week on Back Foot as Inflation Bets Climb; • Biden Meets Zelenskiy on Surprise Trip Nearly Year Into War; • JPMorgan’s Matejka Says Stock Rally Will Fade Amid Fed Fallout; • Oil Falls in Choppy Market as Fed and China Recovery Face Off more
Rubrics Morning Comment 20.02.23
20th February 2023
• Fed Swaps Price In March and May Rate Hikes, Expect Peak at 5.3%; • Treasury Bills Offer Stock-Like 5% to Take Fed, Debt-Limit Risk; • Oil Gains After Weekly Loss as China Recovery Competes With Fed; • Fed Officials Stress Need to Keep Raising Rates to Cool Prices more
Rubrics Morning Comment 17.02.23
17th February 2023
• Traders Start to Bet Fed Will Go for Another Half-Point Hike; • Fed Hawks See Possible Case for Returning to Larger Rate Hikes; • US Producer Prices Exceed Forecast in Biggest Gain Since June; • US Household Debt Surges as Young Borrowers Struggle With Loans more
Rubrics Morning Comment 16.02.23
16th February 2023
• Bond Market Selloff Resumes After Strong Retail Sales Data; • US Economy Keeps Charging Ahead, Adding Pressure on Fed to Hike; • Biden-McCarthy Budget Challenge Worsens on New CBO Estimates; • US Treasury Risks Payment Default as Soon as July, CBO Says more
Rubrics Morning Comment 15.02.23
15th February 2023
• Traders Capitulate, Abandoning Fed Rate Cut Bets After CPI Spike; • Fed Officials Float Even Higher Rates After Brisk Inflation Data; • Traders Bet Central Banks Will Go Even Higher After Hot Data; • Biden Names Brainard as Top Economic Aide, Creating Fed Vacancy more
Rubrics Morning Comment 14.02.23
14th February 2023
• US Inflation Set for Uneven Path to Taming With January Rise; • Citi’s King Says Global Liquidity Drain Is Coming for Markets; • Oil Declines on US Requirement to Sell More Crude From the SPR; • Dealers Used to QE Keep Asking Fed to Lend Bonds It Doesn't Own more
Rubrics Morning Comment 13.02.23
13th February 2023
• Bond Investors Brace for Risk of Inflation Fueling Bear Momentum; • Bond Market Weekly Loss Deepens Amid Mounting Inflation Anxiety; • US Revamps CPI Weightings With Likely Mixed Impact on Inflation; • Rare Drop in Rate Targeted by Fed Spurs Futures-Trading Surge more
Rubrics Morning Comment 10.02.23
10th February 2023
• Fed-Funds Call at 8% Keeps One Strategist Ahead of the 6% Pack; • Barkin Says Fed Needs to ‘Stay The Course’ in Inflation Fight; • US Jobless Claims Pick Up for the First Time in Six Weeks; • Oil Trims Weekly Gain as Slowdown Concerns Counter China Demand more
Rubrics Morning Comment 09.02.23
9th February 2023
• Fed Officials Keep Up Hawkish Calls for Further Rate Increases; • Dealers Get Lowest Share of Any Treasury Auction at 10-Year Sale; • Traders Are Ramping Up Bets That Fed Will Raise Rates to 6%; • Pension Funds in Historic Surplus Eye $1 Trillion of Bond-Buying more
Rubrics Morning Comment 08.02.23
8th February 2023
• Powell Says Further Rate Hikes Needed and Bonds Take Heed; • Investors Shun Treasury 3-Year Notes as Powell Sparks Volatility; • Biden Vows No Default as He Mixes Unity Pleas, Scolding for GOP; • Oil Steadies After Rising Most Since November on Powell Remarks more
