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02.10.26 - 19:01
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Stocks, Bonds Rise as Weak Jobs Curb Fed-Hike Bets (Bloomberg)
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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)...
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02.10.26 - 18:42
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France′s Bond Crisis Deepens (Bloomberg)
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Investors are heading for the exit as France's bond crisis deepens and political gridlock sets in.
Georgia Hall explains. (Source: Bloomberg)...
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02.10.26 - 17:51
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September Jobs Preview And How To Trade It: Beware A Bond Squeeze As August Seasonals Reverse (ZeroHedge)
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September Jobs Preview And How To Trade It: Beware A Bond Squeeze As August Seasonals Reverse
A month ago, our August jobs preview argued that "good news would be bad news." Then August delivered good news in volume. Payrolls rose by 162K, a 4-sigma beat and 38K above the highest estimate on Wall Street. Rate-hike odds jumped, and two weeks later Warsh hiked for the first time since July 2023.
So it's a little awkward that the Street now spends most of its September previews explaining why August didn't really happen. The main suspect is seasonal adjustments. Barclays says that if August had been adjusted with last year's seasonal factors, the "blockbuster" 162K gain would have been a 74K decline, which may very well have prevented a rate hike.
But wait, there's more: the Fed backdrop has also changed dramatically in the past week. On Monday, the market put the odds of an October hike at roughly 70%. Then Williams said there was no "urgency" and core PCE came ...
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02.10.26 - 17:48
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French Bond Risk Hits Euro-Crisis Levels (Bloomberg)
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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. (Source: Bloomberg)...
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