12th October 2023

  • Fed Minutes Flag High Rates for ‘Some Time’ While Risks Shift

Officials agree they’re in position to ‘proceed carefully’

Policymakers note risks of both over- and under-tightening

https://blinks.bloomberg.com/news/stories/S2DO0LDWRGG1

  • Bond Traders Are Starting to Bail on Winning Yield-Curve Bets

Schroders closed some steepener trades on US bonds this week

Pendal is starting to look favorably on simple long positions

https://blinks.bloomberg.com/news/stories/S2CMPGDWRGG1

  • Harvard’s Rogoff Sees Higher Rates, Yields Staying for Long Time

Ex IMF official says ‘economy is adjusting’ to rise in rates

Fed has a “fight ahead” to anchor inflation expectations

https://blinks.bloomberg.com/news/stories/S2DF58DWLU68

  • Traders Pile Into Wagers That Fed Is Done Hiking Interest Rates

Dovish Fed rhetoric boosts demand for SOFR call plays

At same time, record fed funds futures stance targets a hike

https://blinks.bloomberg.com/news/stories/S2BINODWRGG0

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