21st December 2022

  • US Recession Is Key to Whether BOJ-Fueled Treasury Selloff Lasts

US 10-year yield jumped after news of Japanese policy tweak

Yields remain well below levels they reached earlier in year

https://blinks.bloomberg.com/news/stories/RN7M7SDWX2PS

  • Treasuries Positioning Purge Gives Green Light for Higher Yields

Treasury 10-year yield cheapest since November after BOJ shock

Position flows show hedge funds unwinding SOFR short bets

https://blinks.bloomberg.com/news/stories/RN73L4T0G1KW

  • Treasuries Bulls Find No Solace in Tepid Demand From Japan Funds

Japan funds sold a record amount of US sovereign bonds in 2022

Buying in 2023 may be 20%-30% of this year’s outflow: Fivestar

https://blinks.bloomberg.com/news/stories/RMR6A9T0AFB6

  • US Rent Inflation Slows Sharply in New Index Built by Fed Team

Gauge based on leases of tenants who recently moved in

Collaborated with Bureau of Labor Statistics researchers

https://blinks.bloomberg.com/news/stories/RN5WMCDWRGG1

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