1st February 2023

  • Fed to Slow Rate Hikes, Signal Work Not Over: Decision-Day Guide

Officials widely expected to raise rates by 25 basis points

Statement could soften language around ‘ongoing increases’

https://blinks.bloomberg.com/news/stories/RPBHSPT1UM0W

  • Bearish Momentum Sweeps Through US Rates Market Just Before Fed

Trader hedges scenario that Fed opts for 50 bps hike Wednesday

JPMorgan Treasury clients most short since start of December

https://blinks.bloomberg.com/news/stories/RPCYLJDWRGG3

  • US Treasury Boosts Quarterly Borrowing Estimate to $932 Billion

Estimate is about $353 billion higher than seen in October

Cash balance estimated at $500 billion for end-March

https://blinks.bloomberg.com/news/stories/RPB3L4DWLU6C

  • Housing Slump Deepens From US to China in Risk to Global Growth

Price declines are persisting in Australia and New Zealand

Slowdown stretching to Singapore, while Hong Kong may rebound

https://blinks.bloomberg.com/news/stories/RPDGWCT1UM10

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For more information please contact Rubrics Asset Management. info@rubricsam.com.