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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