23rd September 2022

  • Treasury Yields Surge in Massive Rejection of Post-Fed Gains

Some rise more than 15 basis points as bearish forces converge

Long-maturity yields declined after Wednesday’s rate hike

https://blinks.bloomberg.com/news/stories/RIMA8RT1UM0W

  • It’s Every Nation for Itself as Dollar Batters Global Currencies

Japan acts, but no sign of a 1980s-style multilateral move

US currency has been buoyed by higher Fed rates, haven flows

https://blinks.bloomberg.com/news/stories/RIMPOUT1UM0W

  • Treasury Selloff Drives SOFR Spread Toward Record One-Day Drop

The SOFR 3-year swap spread falls by over 4 basis points

Indicates aggressive selling in 3-year cash notes vs. swaps

https://blinks.bloomberg.com/news/stories/RIMM8IT0AFB4

  • Central Bank Hikes Are Far From Over After Marathon Week

US, Norway, Sweden, Switzerland among those to raise rates

Policy makers warn that inflation remains out of control

https://blinks.bloomberg.com/news/stories/RIMETRT0G1KW

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