30th August 2023
- Treasuries Surge as Weak Data Prompts Paring of Rate-Hike Wagers
Two-year yield falls sharply, market trims November hike call
Traders focus on August jobs data to affirm softening trend
https://blinks.bloomberg.com/news/stories/S062GMDWX2PS
- Surge in Hedge-Fund Treasury Shorts Hints at Rise of Basis Trade
Short positions in futures rose as recent bond selloff crested
Indicates increasing leverage that raises volatility risks
https://blinks.bloomberg.com/news/stories/S05R5ZDWLU68
- US Home Cash-Out Refinancing Lowest Since 2000 After Fed Hikes
Second-quarter share of cash-out refinances drops to 17%
Mortgage rates have surged, minimizing appeal of this option
https://blinks.bloomberg.com/news/stories/S05P40DWRGG0
- More Americans Plan Vacations, Even as They Sour on the Economy
Nearly half of Americans plan to travel in the next six months
One in five say they’re going abroad, a record share
https://blinks.bloomberg.com/news/stories/S05R2MDWRGG0
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