9th February 2024
- Treasury 30-Year Bond Sale Finds Buyers to Crown Good Refunding
Auction for $25 billion awarded at 4.36%, below pre-sale rate
Sale of 30-year bonds follows strong demand for 10-year notes
https://blinks.bloomberg.com/news/stories/S8JZSKDWX2PT
- Bond Traders Bet Big on Market Calm During Wait for Fed Move
This week saw selling of option structures shorting volatility
Powell’s pushback on March cut leaves market in limbo
https://blinks.bloomberg.com/news/stories/S8JUB1T0AFB4
- Barkin Says Fed Has Time to Be Patient on Cutting Interest Rates
Richmond Fed president said data has been ‘remarkable’
Like to see broader and sustained disinflation, Barkin says
https://blinks.bloomberg.com/news/stories/S8JOO3DWRGG0
- Yellen Eyes Nonbank Mortgage Lenders, Warns of Potential Failure
Treasury secretary asked about risks with nonbanks at hearing
Yellen highlights nonbanks’ lack of access to funding backstop
https://blinks.bloomberg.com/news/stories/S8JVY9DWX2PS
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