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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For more information please contact Rubrics Asset Management. info@rubricsam.com.