7th December 2021

  • Cracks Emerge in Treasury Bond Market as Fed Starts to Back Away

Fed is ending purchases that buoyed trading in off-the-runs

That’s spurred a revival of volatility and damaged liquidity

https://blinks.bloomberg.com/news/stories/R3PDZPT0G1KW

  • Biden Weighs Russian Banking Sanctions If Putin Invades Ukraine

Currency trading, some bond buying could also be penalized

U.S. officials have warned Russia may attack Ukraine next year

https://blinks.bloomberg.com/news/stories/R3Q4XBT0G1KZ

  • Congressional Leaders Eye Tying Debt Ceiling to Defense Bill

Details being negotiated; Hoyer calls maneuver ‘a possibility’

Schumer, McConnell have been negotating on debt limit impasse

https://blinks.bloomberg.com/news/stories/R3PXE7T0G1L4

  • Oil Extends Gains Above $70 on Signs Omicron Concerns Overdone

Bids for first batch of U.S. strategic reserves lodged Monday

WTI climbs 1% after jumping almost 5% in previous session

https://blinks.bloomberg.com/news/stories/R3Q8X4T0G1KW

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