15th January 2024

  • Bond Bulls Fixated on Fed Cuts Risk Getting Smacked Around

Swap traders are resolute on bets for big 2024 Fed reductions

10-year Treasury yields find center of gravity at key 4% mark

https://blinks.bloomberg.com/news/stories/S782FSDWX2PS

  • Bond-Market Expected Inflation Stirs at Prospect of Rate Cuts

Breakevens extend rise this year into the 2.25% area

Test of investor demand looms with 10-year TIPS sale

https://blinks.bloomberg.com/news/stories/S75LMXDWLU68

  • Fed Bosses Who Faced Last Repo Mess Offer Differing Views on QT

Dallas Fed’s Logan says its time to talk about unwinding QT

But New York’s Williams sees no sign of pressures building

https://blinks.bloomberg.com/news/stories/S73T0PDWRGG0

  • US Producer Prices Fall Again, Boosting Bets on Fed Rate Cuts

PPI declined for a third month in December, longest since 2020

Details that inform Fed’s inflation index were mostly soft

https://blinks.bloomberg.com/news/stories/S75I4RDWLU68

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