October 14, 2024 United States: Volatile Bond Market Puts Traders on Defense Amid Fed-Cut Doubts Bond investors are going on defense as the outlook for the Federal Reserve’s interest-rate cutting path turns more uncertain. The combination of sticky inflation and weak labor-market figures last week led traders to trim bets on the degree of Fed

October 11, 2024 United States: Bond Traders’ Big Week Ends With Fed Rate Cuts Even Less Certain The bond market is growing less convinced by the day that the Federal Reserve will embark on two further interest-rate cuts this year. Traders are pricing in roughly 20% odds that the Fed holds rates steady in either

October 10, 2024 United States: US CPI Rises More Than Forecast, Stalling Inflation Progress Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures. The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a second month, disrupting

October 09, 2024 United States: US 30-Year Mortgage Rate Climbs by Most in More Than a Year US mortgage rates jumped last week by the most since July 2023, abruptly halting a monthslong slide that was helping to reinvogorate housing activity. The contract rate on a 30-year mortgage increased 22 basis points to 6.36% in

October 08, 2024 United States: Turbulent US Funding Market Forewarns of a Volatile End to 2024 The latest heightened liquidity pressures in the US funding market have some on Wall Street nervous about even greater challenges in the final month of the year. Market participants say a spike in rates tied to repurchase agreements, which