Buy the DipTwo major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week. Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan is suggesting investors buy five-year notes as yields have alr...
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Caution Ahead Top Wall Street bankers are saying they expect central banks to cut interest rates more slowly than the market is anticipating. Their caution echoes that of central bankers in recent days, prompting traders to wind back aggressive bets for lower rates this year. “It doesn’t make sense,” State Street Chairman and CEO Ron O’Hanley...
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Rate Pushback Central bank officials and investors are pushing back against expectations for interest-rate cuts in 2024, which risks weighing on global risk sentiment. Several policymakers from the European Central Bank signaled it’s too early to consider lowering borrowing costs, prompting traders to pull back on bets for rate reductions. I...
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