7th August 2024

  • Traders Are Starting to Cash In on Bets for Bigger Fed Rate Cuts

Open interest in 10-year note futures off their highs Monday

Until now money has been piling into bullish rate-cut wagers

https://blinks.bloomberg.com/news/stories/SHSX9YDWX2PS

  • Harris Taps Minnesota’s Walz in Appeal to Blue-Collar Workers

Nominee had little time to settle on pick after Biden exit

Harris expected to appear with Walz at rally in Philadelphia

https://blinks.bloomberg.com/news/stories/SHSWK7DWRGG1

  • BOJ Sends Dovish Signal After Rate Hike Sparked Market Meltdown

Uchida notes importance of keeping policy easy for now

Sees no risk of BOJ falling behind the curve on rates

https://blinks.bloomberg.com/news/stories/SHTVS1T1UM0W

  • JPMorgan Says Carry Trade Unraveling Is Only Half Complete (1)

We aren’t done by any stretch, says global FX strategy co-head

The moves come amid fears of US recession, Japan rate hike

https://blinks.bloomberg.com/news/stories/SHSHXBT0G1KW

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