Bloomberg Daybreak: Europe Edition Bond Rally Extends, Trump Delivers Putin Warning, Orban’s Grip Slipping
Aug 14, 2025
US Treasuries are rallying as traders anticipate interest rate cuts from the Fed. Trump hints at his potential picks for the next Fed chair while warning Putin about consequences if he doesn't agree to a ceasefire. Meanwhile, Apple is gearing up for an AI resurgence with innovative new devices. In the UK, short sellers are betting heavily against Greggs as it struggles with sales. Political shifts in Hungary are stirring unrest, with a new movement challenging Orban's long-standing grip on power.
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Bond Rally Reflects Rapid Fed Repricing
- Traders ramped up bets that the Fed will cut rates, pushing US Treasuries higher and shifting market sentiment quickly.
- Interest rate swaps now fully price a September quarter-point cut with some traders betting on a half-point move.
Trump Signals Early Fed Pick
- President Trump says he'll name the next Federal Reserve chair earlier and has narrowed candidates to three or four names.
- He continues to attack Jerome Powell publicly, keeping pressure on Fed leadership.
Trump Issues Ultimatum Ahead Of Putin Meeting
- Trump warned Putin of "very severe consequences" if a ceasefire isn't agreed as he prepares to meet him in Alaska.
- He told European leaders he won't negotiate ceding Ukrainian territory to Russia.