Bond Traders Weekly Outlook: Long End Adjusting to Rising Inflation and Increased Funding Needs

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  • #63235
    MoneyNeverSleeps
    Participant

    Early Bonds: U.S. Treasuries modestly lower

    China’s Caixin Manufacturing PMI returned into contractionary territory after expanding slightly for the past two months
    Final July Manufacturing PMI readings from Germany, France, U.K., Spain, and Italy remained in contractionary territory.
    On a somewhat related note, house prices in the U.K. fell at their fastest yr/yr pace in nearly 14 years in July.
    Crude oil modest loss
    U.S. Dollar DXY up 0.3% at 102.19.

    Yields:
    2-yr: +2 bps to 4.88%
    3-yr: +2 bps to 4.54%
    5-yr: +2 bps to 4.20%
    10-yr: +3 bps to 3.99%
    30-yr: +2 bps to 4.04%

    #63104
    KnovaWave
    Participant

    It was vicious week for bond markets this past week as yields continued to rise and then saw bust out moves after Fitch lowered U.S. debt from AAA to
    [See the full post at: Bond Traders Weekly Outlook: Long End Adjusting to Rising Inflation and Increased Funding Needs]

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