1st September 2023

  • Fed’s Preferred Inflation Gauges Rise Modestly, Spending Jumps

Core price index posts smallest back-to-back gains since 2020

Inflation-adjusted personal spending rises most since January

https://blinks.bloomberg.com/news/stories/S09AS7DWLU68

  • Wanted: 4.5% Yield on 10-Year Treasury Before Skeptics Buy

Vanguard, T. Rowe, BlackRock see room for yields to rise

‘The 10-year is not attractive until it gets to 4.5%’

https://blinks.bloomberg.com/news/stories/S09ANADWX2PT

  • Hedge Fund Basis Trade ‘Probably’ Back and Posing Risk, Fed Says

Fed research examined growth in hedge fund repo borrowing

Short positioning in Treasury futures continues to increase

https://blinks.bloomberg.com/news/stories/S09EHCDWX2PS

  • Yellen Heads to India for G-20 Summit as World Frets Over China

Yellen to travel to New Delhi Sept. 7-10, joining Biden

Yellen to meet Indian counterparts, seek to strengthen ties

https://blinks.bloomberg.com/news/stories/S09VXPDWLU68

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