24th August 2023

  • Big Short Squeeze Risk Stalks Bond Markets as Yields Reverse

Squeeze on short bond positions seen after soft economic data

A 20-year Treasury bond sale is also due later on Wednesday

https://blinks.bloomberg.com/news/stories/RZUK2AT0AFB4

  • US Business Activity Barely Expands on Subdued Customer Demand

S&P Global composite gauge fell to six-month low in August

Orders contract, while costs of wages and materials pick up

https://blinks.bloomberg.com/news/stories/RZUJORT0AFB4

  • Inflation-Linked Treasuries Face Key Test After Bruising Month

Inflation-adjusted Treasuries have erased most of 2023 gains

Real yields near highest since 2011 before 30-year auction

https://blinks.bloomberg.com/news/stories/RZHJNODWLU68

  • Powell to Map Final Steps in Inflation Fight at Jackson Hole

Fed chair to speak Friday morning at annual confab in Wyoming

Central bank’s tightening campaign is entering difficult stage

https://blinks.bloomberg.com/news/stories/RZSRDST1UM0W

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