3rd April 2024

  • Bond Traders Load Up on Bearish Wagers as Rate-Cut Odds Dwindle

JPMorgan survey shows biggest outright short bets since Jan. 1

In futures, bearish positions fueled Monday’s Treasuries slide

https://blinks.bloomberg.com/news/stories/SBBKPRDWX2PT

  • Fed Officials Say Three Rate Cuts a Reasonable Baseline for 2024

San Francisco’s Daly says ‘no urgency to adjust’ at the moment

Cleveland Fed’s Mester wants more evidence of easing inflation

https://blinks.bloomberg.com/news/stories/SBBUCRDWRGG0

  • Bond Market Sees Fewer Rate Cuts Than Fed, Deepening Losses (4)

Traders no longer price in three quarter-point cuts in 2024

Most Treasury yields reach year-to-date highs as rout extends

https://blinks.bloomberg.com/news/stories/SBBXJPDWLU68

  • Biden, Xi Spoke by Phone About AI Risks, Russia and Fentanyl (1)

US president expected to urge more efforts to combat fentanyl

China’s cooperation sought on Ukraine war, Middle East turmoil

https://blinks.bloomberg.com/news/stories/SBCHTQDWLU68

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