5th January 2024

  • Cheap Costs Push Use of Fed Term Funding Tool to Fresh Record

Use rose to all-time high $141 billion in week through Jan. 3

Facility pricing still attractive despite paring rate-cut bets

https://blinks.bloomberg.com/news/stories/S6RALJDWLU68

  • Massive Bearish Treasury Option Trade Bets on Rout Post-Payrolls

Wager targets 10-year yield rise to 4.15% before Friday close

Decent ADP jobs data Thursday raises bar for December payrolls

https://blinks.bloomberg.com/news/stories/S6RI7AT0AFB4

  • Traders Pare Fed, ECB Rate-Cut Bets After Stronger Economic Data

Private job report shows hiring ramped up in December

Bunds, gilts swing to losses after upward revision to PMIs

https://blinks.bloomberg.com/news/stories/S6QQT9T1UM0W

  • Money-Market Fund Assets Rise to New All-Time High Amid Year-End

Total climbed to $5.965 trillion in week to Jan. 3: ICI

Increase driven by cash moving into government funds

https://blinks.bloomberg.com/news/stories/S6R69ST0AFB4

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For more information please contact Rubrics Asset Management. info@rubricsam.com.