8th February 2024
- Treasury’s Biggest-Ever 10-Year Auction Garners Solid Demand
Auction for $42 billion awarded at 4.093%, below pre-sale rate
Yields had retreated from near highest levels of past month
https://blinks.bloomberg.com/news/stories/S8I3A3DWLU68
- Fed’s Collins Sees Rate Cuts Coming ‘Later This Year’
Collins aligns with Powell, others in seeking more confidence
Boston Fed chief sees risk that neutral rates are now higher
https://blinks.bloomberg.com/news/stories/S8HXWUDWRGG0
- Fed Officials Add to Chorus Tempering Hopes for Rate Cuts Soon
Kugler says it may be appropriate to lower rates at some point
Collins, Kashkari, Barkin looking for more inflation progress
https://blinks.bloomberg.com/news/stories/S8I0TQDWLU68
- NY Fed’s Remache Says Return to Pre-Covid Balance Sheet Unlikely
Remache says Fed’s RRP future use will be ‘important’ question
Unwind has shrunk balance sheet total assets to $7.63 trillion
https://blinks.bloomberg.com/news/stories/S8I63PDWLU68
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