Communicating w/ animal spirits in the bond market for @business. If you're one of them (or even if not): Opinions mine, etc.

Treasuries Head for Monthly Loss as Yellen Readies Rate Increase — Much of the selloff in Treasuries this month was linked with a bond rout in Europe. Federal Reserve Chair Janet Yellen reminded investors that further bond losses may ensue from a stronger U.S. economy and central-bank credit tightening.

Clamor for U.S. Inflation-Linked Bonds Slows Before CPI Report — Hedging against the risk of inflation is no longer a bargain in the bond market. Demand at Thursday's $13 billion auction of U.S. Treasury Inflation-Protected Securities, or TIPS, declined from the previous sale in March. The offering attracted the lowest demand since September 2014, when oil prices were collapsing, bringing down a key measure of bond-market inflation forecasts along with them.

Treasuries Rise After Minutes Show Fed in No Rush to Raise Rates — Treasuries rose after minutes from the Federal Reserve's latest policy-setting meeting minutes showed policy makers are likely to keep interest rates lower for longer. Fed officials last month didn't expect to raise rates at their next meeting in June even as they concluded that a first-quarter economic slowdown was unlikely to persist, minutes of the meeting show.

Electronic Platform Direct Match Hires Former Citi Sales Head — An electronic Treasury-trading platform that plans to open later this year hired the former head of sales for a competitor run by Citigroup Inc. New York-based Direct Match LLC said Kristi Neller will start on May 26. She was previously head of sales for the CitiVelocity electronic U.S. government-bond-trading platform.

Bond-Market Vertigo Is New Normal for Treasury Bonds, RBS Says — A bear market in Treasuries is under way, even after a late-week rebound, according to Royal Bank of Scotland Group Plc. "What we've seen in recent weeks is not a blip, it's the beginning of higher rates," said William O'Donnell, head of U.S. Treasury strategy at RBS Securities in Stamford, Connecticut.

Treasuries Losses Mount as Yellen Joins Higher-Rates Chorus — Treasuries pared losses after a private report showed the U.S. added fewer jobs than forecast in April, raising concern about the strength of the economy as the Federal Reserve considers an interest rate increase this year. Benchmark 10-year yields fell from a two-month high as ADP Research Institute said U.S.

Scotiabank Names Haroon Sana as Global Head of Rates Sales — Bank of Nova Scotia named Haroon Sana as global head of rates sales and head of European fixed income. Sana, who is based in London, was previously global head of rates sales at Deutsche Bank AG. Before that, he worked for Morgan Stanley and Merrill Lynch & Co.

Death of Deflation Trade Takes Hold as U.S. Bonds Breach Ceiling — The bond market may be seeing the death knell of a popular bet that inflation will stay low. The 30-year Treasury bond's yield rose above a key level that this week, breaking out of what's know as its 200-day moving average.

Treasuries Fall After Services Gain as German Yields Rise Again — Treasuries fell as selling in futures markets accelerated after a report showed the services economy unexpectedly grew at a faster pace last month while investors weigh conflicting measures of the economy. Benchmark 10-year note yields reached an almost two-month high as June 2016 Eurodollar futures prices plunged.

European Selloff Clouds Fed Outlook in Treasuries, BofA Says — Investors may not want to read too much into this week's surge in Treasury yields as to whether it means the Federal Reserve is closer to raising interest rates. That's the advice of Gustavo Reis, a global economist at Bank of America Merrill Lynch in New York.
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May 22, 2015

Overheard - the quintessential NYC conversation: "That place sucks." "But you've never been there!" "Because it sucks."

May 20, 2015

Not even Mike Mayo is scandalized the criminal pleas from big banks.… via @business @Hugh_Son and @EDexheimer

May 20, 2015

Attn traders who tell me all Treasury-market moves are driven by Europe:… (You know who you are.) v @LisaAbramowicz1

May 20, 2015

YES. If this happens, it's going to be Christmas for finance-data nerds!… - reported by @business @davidamichaels yday

May 19, 2015

@ZekeFaux @TheStalwart I guess the Janet Malcolm "morally indefensible" line was too much for a LinkedIn post?

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