27th June 2023

  • Traders Bail on Fed Rate-Cut Bets on Powell’s Hawkish Message

Mass exodus from December upside SOFR options seen Friday

Fed chief reinforced that more rate hikes are likely this year

https://blinks.bloomberg.com/news/stories/RWTA3PDWLU68

  • Morgan Stanley Sees Fed Hiking Rates in July After Powell Speech

Fed seen raising interest rates by 25 basis points: economists

Revision follows Powell saying more needed to combat inflation

https://blinks.bloomberg.com/news/stories/RWWAT3T1UM0W

  • Treasury Bill Blitz Is Just a Prelude to Longer-Term Debt Glut

A surge in issuance across maturities to pressure rates

Treasury set to pay more as it faces ‘price-sensitive’ buyers

https://blinks.bloomberg.com/news/stories/RWVSVXT1UM0W

  • Oil Edges Higher After Choppy Session Sparked by Russian Turmoil

Putin condemns Wagner ‘traitors’ in first remarks since mutiny

WTI climbs toward $70 a barrel after rising by 0.3% on Monday

https://blinks.bloomberg.com/news/stories/RWWCPWT1UM0W

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