Companies piled into the US investment-grade bond market Tuesday ahead of the Federal Reserve’s next interest rate decision, after the market was shuttered for a week as banking turmoil swept the US and Europe.
As Silicon Valley Bank deteriorated late last year and regulators began internally flagging flaws in its risk management, the lender opened up the credit spigot to one group: insiders.
President Luiz Inacio Lula da Silva and key cabinet members spent the day before Brazil’s central bank sets interest rates berating its monetary policy in a series of media interviews and public appearances.
The world’s biggest oil traders said they’re wary of trying to muscle back into Russian exports, a response that might concern US Treasury officials aiming to avoid any disruption to global crude supplies.
Bond traders are lacking true conviction about the Federal Reserve’s policy intentions for the first time since the central bank’s frenetic tightening cycle began a year ago.
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