Some (belated) professional news! I started last week as team leader for the US Rates/FX crew @business. I'm very excited to get to work with the talented reporters, strategists and editors who cover the all-important US Treasury and G-10 currency markets.
It’s been a no-brainer for more than a year: Park money in super-safe #Treasury bills, earn yields of more than 5%, repeat. Or as #billionaire bond investor Jeffrey Gundlach put it, “T-bill and chill.” @michaellachlan@xieyebloomberg@markets
https://t.co/bsP38mGpWP
guys will be like “sorry i have a lot on my plate right now” but it is literally just borrowing yen at cheap interest rates and buying higher yielding assets abroad
#Bond investors reinforced their bets that Federal Reserve officials will cut interest rates by a quarter-point in September as US inflation continues to ebb.
Read more by @michaellachlan for @markets https://t.co/hLPhfSJrbh
Trading volume in Treasuries amounted to over $1 trillion for each of the seven trading days through Aug. 8, a record string of such outsized levels, according to @CoalitionGrnwch. @business@symmaki https://t.co/HYCPZNtJqt
“Trading volume in Treasuries amounted to over $1 trillion for each of the seven trading days through Aug. 8, a record string of such outsized levels, according to @CoalitionGrnwch data.” @symmaki @business https://t.co/4xtmukloab
Traders who in July places bets on supersized #Fed interest-rate cuts are now in line to reap huge profits after markets lurched their way. Read all about it via @markets! https://t.co/0IWspsy6IH
A major rally in the $27 trillion #Treasury market is laying bare anxiety that the US #economy is sliding into recession and the Federal Reserve will need to start aggressively cutting interest rates.
Read more via @markets https://t.co/Pb4CSrncDW
As the world's financial markets reopened after an attempted assassination in the US, one thing was clear: The Trump trade is gaining momentum. Read more via @business
https://t.co/Pyi9cSVRIj
John Williams took the helm of the NY Fed in 2018 as a highly respected macroeconomist. Today he oversees an institution that many veteran market participants worry has seen its influence wane on Wall Street.
Read all about it @business https://t.co/pcFpz1SLSv
The #yen jumped more than 1% against the #dollar as traders ramped up bets that the Federal Reserve will ease monetary policy this year on signs US #inflation pressures were easing. @hcarterjohnson and @AnyaAndrianovaV have the story for @markets https://t.co/1jmxhl0UPI
For the first time on record, private investors overseas are poised to overtake foreign central banks as the second-largest holder of US government debt. Via @xieyebloomberg@mccormickliz https://t.co/7xiDd9QCLI
It would take broad risks to the global financial system for the US to potentially coordinate efforts with Japan to shore up the yen, according to @BankofAmerica. Via @AnyaAndrianovaV for @business https://t.co/oc4lL3COZi
#Treasuries were chastened Monday by an increase in consumer #inflation expectations as traders looked ahead to data that could alter the outlook for Federal Reserve monetary policy. @mccormickliz reports the latest for @business@markets. https://t.co/26fTzZAIIa
The strength of the US dollar is threatening to turn “sinister” for emerging markets, according to Goldman Sachs. @AnyaAndrianovaV has the story for @markets@business. https://t.co/4cVYM3OwtZ
When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. Important story out this morning from @LivRaiReports@markchediak for @business@climate@markets https://t.co/M7achY1o7o
Wall Street strategists looking ahead to Dec. 31 — when the current suspension of the US debt ceiling ends — just got a dose of clarity from the Justice Department. Latest from Alex Harris via @business https://t.co/nAFvSqf9Mg
Most US Treasury yields climbed to new year-to-date highs as strong retail sales data further erode investor confidence that the Fed will start cutting interest rate cuts this year. @xieyebloomberg reports for @business https://t.co/ZYdZSG1buD