26th October 2023

  • Treasury Rates Jump as Poor Auction Puts Focus on November Sales

Long-maturity yields lead move higher, steepening curve

Another round of increases to note and bond sales is expected

https://blinks.bloomberg.com/news/stories/S33JQVDWRGG0

  • Strongest US Economic Growth Since 2021 Puts Fed in Tough Spot

Surge in consumer spending powered the economy last quarter

Powell has cautioned fast growth could justify higher rates

https://blinks.bloomberg.com/news/stories/S31GWGDWLU68

  • US New-Home Sales Surge to Fastest Clip Since February 2022

Purchases increased to 759,000 last month, above all estimates

Homebuilders have been offering incentives to lure buyers

https://blinks.bloomberg.com/news/stories/S338OPDWX2PT

  • Bond Market’s ‘Vicious Cycle’ Risk Puts Spotlight on Fed’s QT

Rising Treasury supply and QT push long-dated yields higher

Higher rates are expected to ‘break something’ and halt QT

https://blinks.bloomberg.com/news/stories/S2OILPT0G1KW

CLICK HERE TO READ THE FULL ARTICLE

For more information please contact Rubrics Asset Management. info@rubricsam.com.