1st November 2024

  • Treasuries Post Worst Monthly Loss Since 2022 as Election Looms

Most yields have risen at least 50 basis points during October

Rebalancing out of stocks may cause a temporary reprieve

https://blinks.bloomberg.com/news/stories/SM8LHTDWLU68

  • Key US Inflation Gauge and Spending Pick Up in Solid Economy (1)

PCE prices excluding food and energy rose 0.3% in September

Consumers spent more on goods, supported by further wage gains

https://blinks.bloomberg.com/news/stories/SM82U2DWLU68

  • US Jobless Claims Fall to Five-Month Low as Storm Impact Fades

Initial applications declined 12,000 to 216,000 last week

Florida and North Carolina reported the largest drops

https://blinks.bloomberg.com/news/stories/SM80NWT0G1KW

  • UK Rout Deepens as Reeves Budget Worries Spread Across Markets

Short-dated yields surge as market prices fewer BOE rate cuts

Investors point to inflationary impact of new fiscal stimulus

https://blinks.bloomberg.com/news/stories/SM8AVTT0AFB4

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