17th November 2022

  • Treasury Traders Rush to Cover Bearish Bets as Yields Plummet

Open interest tumbles as traders close positions into rallies

Citi see 113-13 10-year futures level as short cover trigger

https://blinks.bloomberg.com/news/stories/RLG49GT0G1KW

  • Fed Hawk Waller Joins Other Officials Open to Half-Point Hike

Leaves door open to a ‘sequence’ of 50 basis-point moves

Daly says rates peaking in a 4.75-5.25% range is reasonable

https://blinks.bloomberg.com/news/stories/RLGI7YT0AFB7

  • Treasury Yield-Curve Inversion Deepens Further, an Ominous Sign

US 10-year yield falls below Fed’s policy rate floor of 3.75%

US 30-year yield retreats below 50-day moving average

https://blinks.bloomberg.com/news/stories/RLGIWRT1UM0W

  • US Consumers Prove Resilient as Fed Doles Out Pain Elsewhere

Retail sales increase beats estimates, boding well for growth

Fed’s impact so far has been limited to rate-sensitive sectors

https://blinks.bloomberg.com/news/stories/RLGDRGT1UM19

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