2nd February 2024

  • Treasuries Surge as Bank Stock Rout Rekindles Fed Rate-Cut Hopes

US five-year note’s yield falls to lowest level since June

Longer-maturity yields tumble 10 basis points on day

https://blinks.bloomberg.com/news/stories/S86RNXT0G1KW

  • Bond Traders Are Caught Offside as Bank Shock Sparks Stampede

Volumes for Fed-sensitive SOFR futures soar after bank loss

Comments from Fed’s Powell spur fresh round of position shifts

https://blinks.bloomberg.com/news/stories/S86QJFDWX2PS

  • Goldman, BofA Throw in the Towel on March Rate Cut From Fed

Economists now weighing chances of easing as early as May

Swaps traders raise bets on May, June interest rate cuts

https://blinks.bloomberg.com/news/stories/S86JWIT0G1KW

  • Money-Market Fund Assets Reach $6 Trillion for First Time

Assets jumped by $41.7 billion in week through Jan. 31: ICI

Investors returned to money markets in run-up to Fed decision

https://blinks.bloomberg.com/news/stories/S873KUT0G1KW

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