2nd November 2023

  • Treasuries Have Best Day Since March on Refunding, Fed Path

US 10-year yield falls almost 20 basis points on the day

Investors piled in as risks from higher rates, supply eased

https://blinks.bloomberg.com/news/stories/S3GPWGT1UM0W

  • Fed Signals Yield Rise Reduces Need to Hike, But Door Still Open

Powell says financial conditions have tightened significantly

Decision to keep main rate at 5.25%-5.5% was unanimous

https://blinks.bloomberg.com/news/stories/S3GK40T0AFB4

  • US Slows Its Ramp-Up of Longer-Term Debt Sales, Spurring Rally

Upcoming quarterly refunding auctions to total $112 billion

Treasury advises one more quarterly bump in coupon sales

https://blinks.bloomberg.com/news/stories/S3GBPGT0AFB4

  • US Job Openings Unexpectedly Rise a Second Month to 9.6 Million

Increase in September vacancies was driven by leisure sector

Quits rate held steady at 2.3%, lowest since the start of 2021

https://blinks.bloomberg.com/news/stories/S3G8Y4T0G1KW

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