Bonds and Bullion are soaring after the ugly JOLTS and weak manufacturing data this morning. Spot Gold soared back above $2020. The precious metal has only ever been higher than this on seven days in history…
Record inflation, trouble on Wall Street, a hemorrhaging bond market … And a wave of corporate layoffs to start off 2023 …
The Fed’s next crisis is already brewing. Unlike 2008, where “subprime mortgages” froze counter-party trading in the credit markets as Lehman Brothers failed, in 2022, it might just be the $27 Trillion Treasury market.
The Bank of England on Tuesday announced an expansion of its emergency bond-buying operation as it looks to restore order to the country’s chaotic bond market. The central bank said it will widen its purchases of U.K. government bonds — known as gilts — to include index-linked gilts from Oct. 11 until Oct. 14. Index-linked gilts are bonds where payouts to bondholders are benchmarked in line with the U.K. retail price index.
Treasury yields climbed on Monday as traders anticipated the Federal Reserve’s next moves in the face of persistently high inflation.
The massive beat in the payrolls print has removed any hopes of a Fed Pivot and sent rate-hike expectations soaring…
It’s too soon to call an end to America’s worst bond-market collapse in at least half a century. Treasuries resumed losses on Thursday with 30-year yields climbing to the highest in nearly eight years, spurring steeper yield curves — a sign of investors bracing for further inflation flare-ups.
Global bonds are on the cusp of entering a bear market after the fastest US inflation in four decades fueled bets the Federal Reserve will make its biggest interest-rate hike since 1994 this week.
US Macro Surprise data slumped for the 5th straight week, back into negative territory at its weakest weekly close since Nov 2021…
Fresh signs that major economies are slowing even as prices shoot higher cast a shadow over a nascent risk rally in global markets, just hours into the start of the new trading week.