Rubrics Morning Comment 30.11.22 – Rubrics – Asset Management

30th November 2022

Hedge Fund Treasury Shorts Jump to Multiyear Highs Before Powell

Leveraged net short over 5 million 10-year futures equivalents

JPMorgan Treasury clients cut long positions in cash market

https://blinks.bloomberg.com/news/stories/RM49RJT0AFB4

BofA Says the US Yield Curve Will Return to Normal on Fed Pivot

Strategists sees both 2-, 10-year yields at 3.25% by end-2023

Weakening labor market likely to spur Fed policy pivot: BofA

https://blinks.bloomberg.com/news/stories/RM4AOPT0G1KW

Barclays Pushes Back Timeline for US Recession, Fed Cuts on Data

Start of ‘shallow recession’ delayed to second quarter

Fed could wait one more meeting before cutting interest rates

https://blinks.bloomberg.com/news/stories/RM4HDVT1UM0W

Oil Climbs a Third Day on OPEC+ Cut Chatter, Falling Stockpiles

Producer alliance may agree to reduce output at Dec. 4 meeting

WTI rises toward $79 after adding 2.5% over last two sessions

https://blinks.bloomberg.com/news/stories/RM5DT0DWX2PS

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