27th February 2024

  • Treasuries Basis Trade Shows Signs of Waning, Deutsche Bank Says

Leveraged futures short positions unwound over recent weeks

The leveraged trade has drawn recent scrutiny from Washington

https://blinks.bloomberg.com/news/stories/S9H3T3T1UM0W

  • US Corporate Bond Sales Hit $172 Billion to Set February Record

Honeywell, NatWest among firms in high-grade market Monday

Today’s sales boost month over $151 billion mark set last year

https://blinks.bloomberg.com/news/stories/S9HIF2T0AFB4

  • Fed’s Schmid Urges Patience on Cuts as Inflation Fight Goes On

‘We are not out of the woods yet’ on inflation fight, he says

Schmid makes his first monetary policy speech in Oklahoma

https://blinks.bloomberg.com/news/stories/S9HMXPT0G1KW

  • Fed QT Gets Room to Run Longer as Funding-Market Pressures Abate

Decline in leveraged funds’ positions suggests less repo need

Lower funding needs could keep cash at reverse repo facility

https://blinks.bloomberg.com/news/stories/S9GWOKT1UM0W

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