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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