20th September 2022

  • US 10-Year Yield Rises to 3.5% for First Time Since 2011

75bps hike at September FOMC priced in; some expect 100bps

Traders see rising chance of a downturn that’ll lead to easing

https://blinks.bloomberg.com/news/stories/RIH374T1UM0Y

  • Oil Steadies as Looming Interest-Rate Hikes Spur Demand Concerns

Central banks from the US, Europe and Asia set to raise rates

WTI futures trade near $86 a barrel after adding 0.7% Monday

https://blinks.bloomberg.com/news/stories/RIHUEDT1UM0W

  • Treasury Two-Year Yields Climb Relentlessly Toward 4% Before Fed

Yield is heading for its steepest annual increase since 1994

Central banks are prepared to tolerate recession, Nomura says

https://blinks.bloomberg.com/news/stories/RIHOGIT0AFB7

  • Biden to Release 10 Million Oil Barrels Ahead of EU-Russian Ban

WTI futures briefly pared Monday’s modest gains on the news

SPR sales so far have resulted in 165 million barrels of oil

https://blinks.bloomberg.com/news/stories/RIH13GT0AFB4

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