22nd November 2023

  • Crushed Bond Shorts See Quants Rush to Exit Wrong-Way Fed Bets

More short covering from CTA’s expected this week, BofA says

Open interest in 2-year note futures fell each day last week

https://blinks.bloomberg.com/news/stories/S4G07RT0G1KW

  • Bond Managers of $2.5 Trillion Make Case for Ditching Cash

Capital Group, DoubleLine, Pimco, TCW speak in interviews

Past month shows missed opportunity from sticking to cash

https://blinks.bloomberg.com/news/stories/S4H52IDWLU68

  • Treasury’s Latest Inflation Bond Sale Lures Weak Investor Demand

Ten-year TIPS sale tails following a major drop in real yields

Inflation market remains on course for best month since March

https://blinks.bloomberg.com/news/stories/S4H7T8DWRGG0

  • Fed Minutes Show Unity on Cautious Approach to Further Hikes

Data to clarify progress on process of reducing inflation

Officials agree Fed in position to ‘proceed carefully’

https://blinks.bloomberg.com/news/stories/S4HOONDWX2PS

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