8th August 2023

  • Treasury Auction Deluge Set to Test Investors’ Appetite for Debt

Rise in yields above 4% in 10 years is seen attracting buyers

Smooth 30-year sale hinges on signs of cooling in CPI report

https://blinks.bloomberg.com/news/stories/RZ1RNKT0G1KW

  • Ballooning Bets Against Treasuries Distort US Funding Markets

Demand to borrow 10-year notes for shorts is creating strain

Auction will temporarily alter supply of newest 10-year note

https://blinks.bloomberg.com/news/stories/RYVUUMDWX2PS

  • Goldman, JPMorgan Say Buy Treasuries After Last Week’s Big Rout

Strategists are now bullish on 30-year inflation-linked bonds

JPMorgan says overcrowding of longs fueled the market selloff

https://blinks.bloomberg.com/news/stories/RZ11KTT1UM0W

  • Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure

Credit rater downgrades 10 lenders while citing dimmer outlook

U.S. Bancorp, BNY Mellon among six firms facing potential cuts

https://blinks.bloomberg.com/news/stories/RZ1Q1XDWLU68

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