4th January 2023

  • Treasuries Chalk Up Strongest New Year Surge Since Greenspan

Bond traders focus on inflation data, corporate bond supply

Calendar 2022 was the worst year on record for Treasuries

https://blinks.bloomberg.com/news/stories/RNXOG5T0G1KW

  • US Recession ‘Pretty Likely’ But Not Severe, Bill Dudley Says

If recession happens, Fed could end it by easing policy

Doesn’t see big risk of ‘financial-instability cataclysm’

https://blinks.bloomberg.com/news/stories/RNWU4NDWLU68

  • Treasury Strategists Expect Lower Yields, Steeper Curve in 2023

Most bullish forecasts anticipate Federal Reserve cuts in 2024

Goldman Sachs strategists are bearish and see yields rising

https://blinks.bloomberg.com/news/stories/RMH7OGDWX2PW

  • Fed Minutes to Reveal Source of Inflation Angst Pushing Up Rates

Powell tied pessimism on outlook for prices to labor strength

Record of December Fed meeting due out Wednesday in Washington

https://blinks.bloomberg.com/news/stories/RNWWIST0G1KX

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