I have a tremendous amount of respect for Kevin Worsh. He was at the Fed when I was at the Fed and I I happen to agree with him that the Federal Reserve needs a much smaller footprint in the US Treasury market which would advocate for quantitative tightening. My only concern is that Jay Powell was just as resolute as Worsh when he first started in 2008 and 18 and he was forced to back down in the face of great market turbulence in late 2018.So, it remains to be seen whether or not we can truly get a next ge ...

In the $30 trillion US Treasury market, some investors see a budding buying opportunity with longer-maturity yields approaching levels rarely seen in the past two decades https://t.co/whyoywn3vL ...

The big debate in the US Treasury market over the extent of Federal Reserve interest-rate cuts ahead is about to heat up with a string of pivotal economic data releases https://t.co/BRw5dfKiXt ...

Core Viewpoint - The upcoming economic data releases will significantly influence the debate regarding the Federal Reserve's interest rate cuts, particularly in light of the recent government shutdown and its impact on data availability [1][2]. Economic Data Impact - The delayed announcements of monthly employment and inflation figures are expected to clarify whether the Fed is nearing the end of its easing cycle after three consecutive cuts or if further aggressive actions are necessary [2]. - The labor market's performance, particularly the employment figures, is deemed crucial for determining future interest rate movements [3]. Market Expectations - Bond traders are anticipating two rate cuts next year to bolster the job market and economic growth, despite persistent inflation [2]. - Current market expectations suggest that another rate reduction is not fully priced in until mid-year, with a potential second cut in October [6]. Treasury Yields - As of the latest data, the two-year Treasury yield is approximately 3.5%, while the 10-year yield stands around 4.2% [5]. - Yields have recently decreased from their peaks following comments from Fed Chair Jerome Powell regarding concerns over weaker hiring [5]. Job Market Insights - The economy is projected to have added around 50,000 nonfarm jobs in November, following a reported gain of 119,000 jobs in September, which exceeded estimates [7]. - The unemployment rate has risen to 4.4%, marking the highest level since 2021, indicating potential weaknesses in the labor market [7].

The segment of the US Treasury market that offers investors protection against rising consumer prices is headed for uncharted waters as the government said Friday it probably won’t release inflation data for October. https://t.co/EkoPQN1es3 ...

Fed Policy - US Treasury market traders are seeking insights on the Federal Reserve's policy direction from upcoming speeches by US central bank officials [1]

Treasury Department Priorities - The Treasury Secretary is content with their current role and committed to fulfilling President Trump's objectives [1] - The Treasury Department aims to enhance the American economy [2] - The Treasury Department is focused on maintaining the reserve status of the US dollar [2] - The Treasury Department is focused on ensuring the US Treasury market remains the largest and soundest globally [2] Treasury Department Operations - The Treasury Department reports strong collaboration between professional and political staff [2]