Sofia Björk

[Nick Timiraos @NickTimiraos]

The heads of the central banks in Australia, Brazil, Canada, Denmark, the Eurozone, South Korea, Sweden, Switzerland, the United Kingdom have issued a highly unusual statement of support for the Fed and Powell

[Omni Ekonomi @OmniEkonomi]

Riksgälden skjuter upp försäljning av statspapper efter Bloombergs terminalstrul, skriver DI • "Gör ett nytt försök klockan 14" säger upplåningschef. https://t.co/ukkbuLPCLO

[iNews24 @iNews24]

Bloomberg terminal suffers outage, delays UK gilt sale - UK DMO, traders https://t.co/vu20n9Nn2F

[FT Technology News @fttechnews]

Bloomberg terminal outage hits traders https://t.co/dbPUxmg4EI

[Holger Zschaepitz @Schuldensuehner]

The Comeback of Negative Interest Rates: In Switzerland, govt bonds w/maturities of up to 4yrs are once again offering negative yields. In other words, investors effectively pay to lend money to the Swiss government.

[Lisa Abramowicz @lisaabramowicz1]

HSBC's Steven Major: "The foreign share of marketable Treasury debt has been on the decline for over a decade...Domestic investors have thus increasingly become the marginal buyer of Treasuries, while the biggest increase in foreign investor holdings of USD-denominated assets has been in equities"

[Jim Bianco @biancoresearch]

Me talking about the bond market today.

[Mohamed A. El-Erian @elerianm]

Up to an hour ago, there was a debate on what would convince the US Administration to opt for some type of pause on tariffs.
Would it be Congress, the President's advisors, business leaders, the legal system, markets, or something else?
We got the answer today:
It's the government bond market--particularly, how close it gets to the line that separates wild price volatility from market malfunctioning.
#economy #markets

[Robin Wigglesworth @RobinWigg]

The bond market: still undefeated. 💪

[Rishi Mishra @aRishisays]

Some thoughts from a note shared internally on the 'unusual' price action in bonds today!

[Lisa Abramowicz @lisaabramowicz1]

A 3-year auction of Treasuries today went poorly, with primary dealers absorbing the greatest amount of the debt in more than a year. This is concerning considering the 10-year & 30-year Treasury auctions over the next two days. 30-year yields have surged by 40bp since April 4:

[Edward Bolingbroke @EddBolingbroke]

Todays winner…

Biggest ever Treasury futures block bagging approx. $50 million mark-to-market profit in one day😎

Big time player. 🥇

[John J. Hardy @johnjhardy]

French 10-year yield closed the day above Greek 10-year yield for first time yesterday. Germany-France close to widest spread for the cycle, currently +87 bps.

[litquidity @litcapital]

Blackstone just dropped a country banger

[Bill Gross @real_bill_gross]

Cliff Asness of AQR has written an interesting paper available online.

Basically he asserts markets are now less efficient due to index funds, low interest rates, and most importantly the influence of access to technology that encourages memes and meme philosophy that increases the attractiveness of markets that have gone up and decreases valuations of those that haven’t.

Momentum as an alpha contributor perhaps has gained influence versus value etc etc

Trends that have gone on recently such as high PE’s and outperformance of US stocks versus others may be influenced by these factors.

Good read by @CliffordAsness

https://t.co/SDOAp10P8g

[Maria M Stenergard @MariaStenergard]

Tack till alla er som visat omtanke efter händelsen i riksdagen i dag. Man måste kunna ha en riksdagsdebatt utan att få saker kastade mot sig. Det är grundläggande för det demokratiska samtalet.

[jeroen blokland @jsblokland]

BREAKING! Eurozone #inflation dropped to 1.8% in September. First sub-2% reading since June 2021!
#Inflation in the major Eurozone economies is lower:
#Germany 1.6%, #France, #Spain 1.5%, #Italy, 0.7%.
The #ECB only needs to use the word #deflation to cut rates massively.

[Michael Brown @MrMBrown]

FOMC statement redline

[jeroen blokland @jsblokland]

Wow! The Federal Reserve's new 'Dot Plot' shows EIGHT(!) rate cuts from the peak in 2025. In the June Dot Plot, there were 'only' five. #Powell & Co. have adjusted their rate expectations significantly downward, moving toward market expectations.

[Sofia Björk @Sofiabjorksw]

💯

[sophie @netcapgirl]

today is the super bowl for people with a bloomberg terminal