3rd November 2023

  • Treasuries Long-End Surges, Extending Post-Fed, Refunding Rally

https://blinks.bloomberg.com/news/stories/S3IGHCT0AFB4

  • US Productivity Grows by Most Since 2020, Labor Costs Decrease

Output per hour of work rose at a 4.7% rate in third quarter

Labor costs declined an annualized 0.8%, first drop since 2022

https://blinks.bloomberg.com/news/stories/S3I14YT1UM0W

  • US Continuing Jobless Claims Rise for Sixth Week as Labor Cools

Recurring applications for jobless benefits hit six-month high

Figures suggest unemployed have harder time finding new jobs

https://blinks.bloomberg.com/news/stories/S3I0V3T0AFB4

  • Franklin Templeton, Citadel Securities Curb Bond Optimism

A note of caution amid the biggest US bond rally since March

See risk that Fed isn’t done and yields could re-test highs

https://blinks.bloomberg.com/news/stories/S3IBVCT1UM0W

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