29th May 2024

  • Treasuries Slump After Tepid Demand for Twin Auctions, Firm Data

Jump in consumer confidence extends long-end selling

Two, and five-year auctions both ‘tail’ as investors step back

https://blinks.bloomberg.com/news/stories/SE7LZ4T0G1KW

  • US Consumer Confidence Rises for First Time in Four Months

Conference Board metric surprised, topped all estimates in May

Details were more mixed as recession expectations increased

https://blinks.bloomberg.com/news/stories/SE7B03T0AFB4

  • Fed’s Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out

Says odds of rate hike low, but not taking it off the table

Still sees policy as restrictive, Fed can wait for more data

https://blinks.bloomberg.com/news/stories/SE7B0AT0G1KW

  • Home-Price Growth in Key US Cities Accelerates as Buyers Hit (1)

San Diego and New York posted some of the biggest gains

The Northeast has been a ‘top performer’ for price growth

https://blinks.bloomberg.com/news/stories/SE75I2T1UM0W

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