4th December 2023

  • Bond Euphoria Shifts to Debate Over How Low Fed Will Need to Go

After rally, clues sought for signs of soft or hard landing

Futures signal at least 1.25 percentage point of cuts in 2024

https://blinks.bloomberg.com/news/stories/S4Y170T0G1KW

  • Bond Market Adds to Fed Easing Wagers Powell Calls Premature

Treasury yields slump to lowest levels in several months

Swap contracts price in 125 basis points of easing in 2024

https://blinks.bloomberg.com/news/stories/S502DBT1UM0W

  • Powell Pushes Back on Rate-Cut Bets But Markets Push Back Harder

Chair says policy is ‘well into restrictive territory’

Central bank is prepared to tighten further if needed

https://blinks.bloomberg.com/news/stories/S504ENT0AFB4

  • Bill Gross Recession Bet Has Minted Millions From Bond Rally

Former ‘bond king’ nailed wager on short-dated rate futures

Securities have rallied as traders pile into rate-cut wagers

https://blinks.bloomberg.com/news/stories/S50733T0AFB4

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