30th June 2023

  • Global Yields Surge as Traders Favor Two More Fed Rate Hikes

Swap price near 50% odds of a second rate hike by year-end

Two-year yield exceeds 10-year by more than a percentage point

https://blinks.bloomberg.com/news/stories/RX1AJ7T1UM0W

  • JPMorgan Team Ditches Bullish Treasuries View on US Data

Barry team ‘can no longer justify’ tactical long-duration view

Change comes as US economic data surpass expectations

https://blinks.bloomberg.com/news/stories/RX1XEXT0AFB4

  • US First-Quarter Growth Revised Up to 2% on Exports, Consumers

Gross domestic product revised from prior estimate of 1.3%

Consumer spending increased by most in nearly two years

https://blinks.bloomberg.com/news/stories/RX0O0MT1UM0W

  • Powell Says Likely Need Two or More Hikes to Cool Inflation

‘Strong majority’ of FOMC supports further rate increases

Reaching price-growth goal has long way to go, he says

https://blinks.bloomberg.com/news/stories/RX07IJT1UM0W

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