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