30-Year Treasury: 52wk position 97.3% of range. Now yield 5.61% (-3.0 bp today).
https://mercatusdata.com/bonds/30y/
#30Y #Treasuries #bonds

📉 #Bonds

"Bond traders are betting so heavily that more interest-rate hikes from the Federal Reserve are on the horizon that even the anticipated slowdown in job growth is unlikely to significantly alter the outlook."

📉 #Bonds

"A FOIA request has uncovered another little-known feature of life at the top of the Justice Department: attorneys general have used alternate email addresses to conduct government business for over a decade. This time around, Bloomberg News Senior Investigative Reporter Jason…"

📉 #Bonds

"Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)"

📉 #Bonds

"Wall Street has spent weeks trying to make peace with the great bond selloff. Friday offered some short-lived relief — along with a warning about the damage from stubbornly high yields across investment strategies of all stripes."

📉 #Bonds

"Bloomberg's Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss 'A Fabulous Debt' by Robin Wigglesworth and 'These Are The Plunderers' Gretchen Morgenson. (Source: Bloomberg)"

📉 #Bonds

"Torsten Slok, chief economist at Apollo, joins Scarlet Fu an Tom Keene on "Bloomberg Money." He says the yields you can get now in fixed income are "juicy." (Source: Bloomberg)"

Forward vol for the day 30 to day 83 stretch on $ZN_F is 6.52%, still above 4.78% realized, so the premium outlasts month one. Term structure is inverted, 6.99% at 7 days down to 6.65% at 83 days, so nearer dates carry more risk. The Fed decides Oct 28.

#bonds #treasuries #futures

Markets are pricing in rate cuts NOW. Bonds are front-running what Powell refuses to admit: inflation's breaking the economy's back.
#Economy #LaborMarket #FederalReserve #Jobs #Unemployment #Inflation #Markets #Bonds #Recession #BlueSky #MedSky #LawSky #press

📉 #Bonds

"Hedge funds caught on the wrong side of this week’s slump in French bonds were forced to unwind bets rapidly, fueling wild moves that European markets struggled to absorb."

France has taken center stage these days among the G7's three most bond-sensitive economies, with the French-German 10-year spread moving more than 50 bps in the last month.

(The other two economies are Japan and the UK.)

#economy #markets #france #Eurozone #europe #bonds #yields

#economy #markets #france #eurozone #europe #bonds #yields

Source: @elerianm on X
Original Post:
https://x.com/elerianm/status/2106069735653753250

📉 #Bonds

"National Economic Council Director Kevin Hassett says higher long-term rates can reflect underlying economic strength. Speaking to Mike McKee and Dani Burger on Bloomberg Open Interest, Hassett calls the government’s debt-interest burden unacceptably high but says the…"

📉 #Bonds

"Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)"

📉 #Bonds

"French government bonds deepened this week’s slump, with investors demanding the biggest yield premium to hold the bonds over safer German debt since the region’s debt crisis. Huw van Steenis, Partner at Apollo, discusses this as well as the overall European economic outlook.…"

📉 #Bonds

"Gabon’s dollar-bonds are the worst performers in emerging markets this week after the government held a series of investor calls on plans to sell new securities, raising questions about its disclosure of debt levels and sending yields soaring."

📉 #Bonds

"Global markets are rallying on softer payrolls, but Council on Foreign Relations Senior Editor Rebecca Patterson warns that the real story is rising bond yields, ballooning deficits, and nervous investors. She explains why France leads her "fragile four," how hedge funds and…"

Here’s the US Treasury market reaction to the soft jobs report.
Note the continued retracement in 2-year yields as traders moderate Fed rate hike expectations.
The next major data catalyst here will be CPI inflation on October 14th.
(Bloomberg data below.)
#economy #markets #bonds #inflation

(Bloomberg data below.) #economy #markets #bonds #inflation

Source: @elerianm on X
Original Post:
https://x.com/elerianm/status/2106008429718364258