23rd June 2022

  • Powell Says Soft Landing ‘Very Challenging;’ Recession Possible

Chair says chances of recession are not particularly elevated

Policy makers must be nimble if conditions surprise, he says

https://blinks.bloomberg.com/news/stories/RDW6MBT0AFB4

  • Global Yields Drop From Multi-Year Highs as Recession Fears Grow

US 10-year yield falls to 3.13% after rising to 3.5% last week

Aussie bonds head for best week in a decade; kiwi bonds rally

https://blinks.bloomberg.com/news/stories/RDWODDT1UM14

  • Treasury’s Unloved 20-Year Bond Draws Buyers to Auctions

Highest-yielding Treasury security has widest bid-offer spread

Poor secondary-market liquidity enhances auction appeal

https://blinks.bloomberg.com/news/stories/RDUG8DT0AFB6

  • Crude Oil Takes Fresh Blow as Recession Angst Scars Commodities

US Fed chief warns that soft landing to be ‘very challenging’

WTI down by more than 15% since June 8 on drumbeat of warnings

https://blinks.bloomberg.com/news/stories/RDWZ88T1UM0W

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