25th September 2024
- US Consumer Confidence Falls Most in Three Years on Labor Views
Conference Board index dropped 6.9 points in September
Labor metric fell an eighth month, longest streak since 2008
https://blinks.bloomberg.com/news/stories/SKBMXYDWX2PS
- Traders Boost Fed Bets With November Cut Size Seen as a Toss-Up
Positions added in 2-year and SOFR futures since Sept. 18
Two-year futures’ December contract has most open interest yet
https://blinks.bloomberg.com/news/stories/SKBNXBDWRGG0
- Bond Anomaly That Twisted Yields From US to Germany Is No More
German yield curve is the latest to turn positive after US, UK
Move comes as central banks lower rates to stave off recession
https://blinks.bloomberg.com/news/stories/SK9CZPDWRGG0
- Traders Bring ECB October Rate Cut Into Play as Outlook Darkens
Markets price 60% chance of cut next month after weak data
Euro-area PMIs were lower, German Ifo fell more than expected
https://blinks.bloomberg.com/news/stories/SKBMJADWLU68
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