5th October 2022

  • Fed Pivot Trade Sparks Again as Bonds Rally, Dollar Weakens

Treasury two-year yield dips below 4% as traders trim Fed bets

Softer JOLTS report boosts bonds, ahead of US payrolls Friday

https://blinks.bloomberg.com/news/stories/RJ8J0HT0G1KW

  • Fed Telegraphs No Aussie-Style Policy Pivot in Inflation Battle

US central bank unlikely to follow RBA in slowing tightening

Markowska at Jefferies says ‘way too early’ for Fed down-shift

https://blinks.bloomberg.com/news/stories/RJ8GGJDWRGG0

  • Dollar to Shake off RBA’s ‘Wag the Dog’ Moment, Strategists Say

Dollar was due for a ‘take-profit move,’ CIBC’s Bipan Rai says

Greenback strength gauge down 3% since last week’s record high

https://blinks.bloomberg.com/news/stories/RJ8XZGT0AFB7

  • Extreme Treasury Positioning Shows Short Squeeze Has Room to Run

Hedge funds recently extended duration net short in futures

Options data suggest increased demand to cover short positions

https://blinks.bloomberg.com/news/stories/RJ73WWDWX2PV

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