6th December 2023

  • Global Bond Rally Powers on as Rate Cut Bets Appear Everywhere

Index of sovereign debt excluding US at highest since 2022

Dovish comments from ECB, Fed officials fuel bond gains

https://blinks.bloomberg.com/news/stories/S57XIOT0AFB4

  • Traders Show Doubts Fed Will Cut Rates as Fast as Now Expected

Demand for hawkish protection starts to emerge in SOFR options

But traders are paying a premium to hedge a Treasuries rally

https://blinks.bloomberg.com/news/stories/S57DT0T0G1KW

  • Job Openings Hit Two-Year Low in Cooling to Be Welcomed by Fed

Decline in available positions was broad-based across sectors

October figures were below all estimates in a Bloomberg survey

https://blinks.bloomberg.com/news/stories/S579LQDWX2PS

  • Repo-Market Spikes Conjure Memory of September 2019 Turmoil

Funding squeeze drove SOFR benchmark to an all-time high

Latest issues driven by lack of dealer balance-sheet capacity

https://blinks.bloomberg.com/news/stories/S582D2DWLU68

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