8th February 2023

  • Powell Says Further Rate Hikes Needed and Bonds Take Heed

Fed chair: jobs report shows why cooling prices to take time

Says ‘it may well be the case that we have to do more’

https://blinks.bloomberg.com/news/stories/RPQ48AT0G1KW

  • Investors Shun Treasury 3-Year Notes as Powell Sparks Volatility

Treasury sold 3-year notes well above WI yield ahead of sale

Weak auction snapped run of stellar offerings so far this year

https://blinks.bloomberg.com/news/stories/RPPTBQT0G1KX

  • Biden Vows No Default as He Mixes Unity Pleas, Scolding for GOP

Biden set to reprise so-called ‘unity agenda’ in speech

Polls show Americans not giving Biden credit for successes

https://blinks.bloomberg.com/news/stories/RPQRZHT0G1KW

  • Oil Steadies After Rising Most Since November on Powell Remarks

API reports US crude stocks fell 2.2 million barrels last week

WTI futures trade near $77 a barrel after adding 4.1% Tuesday

https://blinks.bloomberg.com/news/stories/RPQQEKT0AFB4

CLICK HERE TO READ THE FULL ARTICLE

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