27th September 2022

  • Treasury Yields Surge in Worst Selloff Since March 2020 Crash

US 10-year climbs more than 20 basis points to 2010 levels

Weak demand for two-year sale triggers fresh selling

https://blinks.bloomberg.com/news/stories/RIUFVYDWLU68

  • Fed’s Mester Says More Restrictive Policy Needed for Longer

Policy maker says several months of falling inflation needed

Fed will be resolute in putting inflation on path to 2%

https://blinks.bloomberg.com/news/stories/RITVB1DWX2PS

  • Dollar Swaps Face Biggest Collapse Since Fed 2011 Liquidity Plan

Big move in front-end swap spreads as Treasury selloff extends

Thinning liquidity in Treasuries market tests March 2020 highs

https://blinks.bloomberg.com/news/stories/RIU2BPDWRGG0

  • Citigroup’s Wieting Buys Treasuries as Downturn Looms in 2023

He sees US profits down 10% even with rates below Fed forecast

Higher rates could mean net loss of 2 million jobs during 2023

https://blinks.bloomberg.com/news/stories/RITKJPDWRGG0

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