4th November 2022

  • This Friday’s US Labor Report Matters More Than Most

Jobs growth keeps outperforming economists’ expectatations

Treasuries curve deeply inverted and real yields still rising

https://blinks.bloomberg.com/news/stories/RKSRBMT0G1KW

  • Deeper US Recession Looms as Resilient Labor Market Spurs Fed

Labor demand outstripping supply keeps wage pressures elevated

Unemployment may need to hit 6% for inflation to drop to 2%

https://blinks.bloomberg.com/news/stories/RKOCU8T0AFB4

  • Treasury Yield-Curve Inversion Reaches a Four-Decade Extreme

Two-year yield exceeds 10-year by more than 58 basis points

Expected peak in Fed policy rate next year exceeds 5%

https://blinks.bloomberg.com/news/stories/RKSDFMDWRGG1

  • Risky Bond Funds Lured Investors Before Powell Dimmed Pivot Hope

US junk-debt funds brought in $7.1 billion in past two weeks

Lipper data show losses in leveraged loan, high-grade funds

https://blinks.bloomberg.com/news/stories/RKRZLQDWLU69

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