29th October 2021

  • U.S. Posts Weakest Growth of Pandemic Recovery on Supply Woes

GDP increased an annualized 2% in third quarter; estimate 2.6%

Household spending rose by just 1.6% as vehicle outlays fell

https://blinks.bloomberg.com/news/stories/R1OWKEDWLU6F

  • Treasury Curve Inverts at Long-End as 20-Year Yield Tops 30-Year

Move comes amid a general flattening of global curves

Demand for relatively new 20-year bond tenor has been tepid

https://blinks.bloomberg.com/news/stories/R1PA6XDWRGG0

  • Bond-Market Revolt Tests Central Banks as Inflation Fears Surge

RBA credibility frays as yield hits five times target level

Global government bonds heading for worst rout since 2005

https://blinks.bloomberg.com/news/stories/R1OF17DWX2PT

  • Oil Powers to 10% Monthly Advance as Stockpiles Spiral Lower

WTI hits seven-year high this week as crude inventories slump

Top U.S. energy diplomat urges drillers to expand production

https://blinks.bloomberg.com/news/stories/R1Q612DWX2QP

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