2nd March 2021

  • Treasury Curve Dysfunction Ignites Talk of Federal Reserve Twist

Front-end rates are around zero while long-end yields surge

Twist would kill ‘3 birds with one stone’: Bank of America

https://blinks.bloomberg.com/news/stories/QPAYTLT0AFB7

  • Fed’s Barkin Plays Down Market Swing, Says Focus Is Real Economy

Investments don’t seem to be affected by yield shift, he says

Fed payments outage unlikely to happen again, Barkin says

https://blinks.bloomberg.com/news/stories/QPAYEPT1UM0X

  • Buy the Dip Is Back as Bond Traders Push Fed Hike Bets Too Far

JPMorgan, TD Securities eye five-year Treasuries after selloff

Strategists also favor Europe bond sectors that were hard-hit

https://blinks.bloomberg.com/news/stories/QPA8JET0G1KZ

  • U.S. Manufacturing Expands Most in Three Years as Prices Climb

ISM factory gauge improved more than forecast in February

Measure of prices paid for materials highest since 2008

https://blinks.bloomberg.com/news/stories/QPAQINT0G1M2

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