21st December 2023

  • Fed’s Harker Says Rates Should Move Down But Not Immediately

Philadelphia Fed president said ‘important’ to lower rates

Harker’s comments were more supportive of a cut than his peers

https://blinks.bloomberg.com/news/stories/S5Z850DWX2PS

  • Treasuries Rally With Global Bonds as Traders Lift Rate-Cut Bets

German 10-year yield falls below 2% for first time since March

US, UK bonds also gain amid wagers on central banks pivoting

https://blinks.bloomberg.com/news/stories/S5ZI6TDWX2PS

  • US Housing Market Shows Signs of Life as Mortgage Rates Fall

Existing home sales, housing starts and buying plans surge

Mortgage rates fall on anticipation for Federal Reserve cuts

https://blinks.bloomberg.com/news/stories/S5Z3GZDWRGG0

  • The Kings of a Colossal Bond Trade That’s Spooking Regulators

A small bunch of hedge fund traders dominates the massive basis trade. They’ve made billions for their firms — and alarmed financial supervisors.

https://blinks.bloomberg.com/news/stories/S5XUOCDWRGG0

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For more information please contact Rubrics Asset Management. info@rubricsam.com.