One Last Make-or-Break Week of 2023 Has Treasury Traders on Edge
- Traders wait on Treasury sales plans, central banks, jobs data
- Events expected to shape sentiment in year’s last two months
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It’s been a tempestuous year for US Treasuries. The coming week will set the stage for how it ends.
In the span of just a few days, investors will get updates on the major forces responsible for the unusually high volatility in the US bond market as it heads toward an unprecedented three-year loss. Saturday’s escalation of the Israel-Hamas conflict will also draw the attention of investors, though in recent weeks haven flows into Treasuries have been largely outweighed by concerns over the direction of monetary and fiscal policies.