{"id":1493572,"date":"2024-10-02T20:00:00","date_gmt":"2024-10-03T00:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1493572"},"modified":"2024-10-02T20:00:00","modified_gmt":"2024-10-03T00:00:00","slug":"bonds-drop-dollar-pops-as-traders-brace-for-jobs","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/bonds-drop-dollar-pops-as-traders-brace-for-jobs\/1493572\/","title":{"rendered":"Bonds Drop, Dollar Pops As Traders Brace For Jobs"},"content":{"rendered":"

Bonds Drop, Dollar Pops As Traders Brace For Jobs<\/span><\/p>\n

\n

US markets chopped around<\/strong> today after yesterday\u2019s risk off tape as Geopolitics remain the focus<\/strong>, and while Chinese stocks rallied,\u00a0 Goldman Sachs trading desk noted that for the first time in a week they’re seeing more balance in their China flows<\/strong>:<\/p>\n

“Seeing both HF and LO sell tickets today across the complex.”<\/em><\/p>\n

Certainly didn’t slow the upward trajectory for now<\/strong> (remember China is closed for Golden Week)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

On the US side, things were quieter… <\/strong>Small Caps lagged, Nasdaq led the gains but the majors traded in a narrow range (which is unexpected given the drop in gamma)…<\/p>\n

<\/a><\/p>\n

We note that the S&P 500 is back within the post-Powell spike range…<\/p>\n

<\/a><\/p>\n

Mag7 stocks are back down into the post-Powell squeeze range…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

But the vol market readying itself for chaos on Friday as payrolls prints…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Bear in mind that ‘seasonally’, shit’s about to get real for vol markets…<\/p>\n

<\/a><\/p>\n

Source: Goldman Sachs<\/em><\/p>\n

Treasury yields were higher across the board today with the long-end lagging (2Y +3bps, 30Y +6bps). All yields are higher on the week…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The dollar extended its rebound, back up to the post-Powell spike on FOMC day…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

…as JPY weakened, erasing all of Friday’s election panic bid…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Gold ended marginally lower on the day…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Crypto was monkeyhammered again with Bitcoin dumped back to FOMC-Day levels ($60,000)…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Crude prices pumped and dumped amid inventory data, further escalations in Israel\/Lebanon, and OPEC+ headlines…<\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

Finally, despite the fact that we have crossed the month-\/quarter-end rubicon, the plumbing in the financial services sewage remains a little clogged…<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/em><\/p>\n

The last time this happened, the repo market blew up<\/strong>… just saying.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 10\/02\/2024 – 16:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/bonds-drop-dollar-pops-stock-traders-brace-payrolls<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bonds Drop, Dollar Pops As Traders Brace For Jobs US markets chopped around today after yesterday\u2019s risk off tape as Geopolitics remain the focus, and…<\/p>\n","protected":false},"author":0,"featured_media":1493573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1493572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1493572"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1493573"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1493572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1493572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1493572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}