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Bloomberg Intelligence

Bloomberg Intelligence: U.S Consumer Confidence Falls, Macy’s Closures

Feb 27, 2024
Topics discussed in the podcast include U.S. Consumer Confidence data, Macy's earnings, Exxon and Cnooc bidding for Guyana stake, energy sector insights, and Fed commentary on interest rates.
41:56

Podcast summary created with Snipd AI

Quick takeaways

  • Strong investor interest in corporate bonds indicated by record sales and positive auction trends.
  • Expectations for inflation may not be decreasing rapidly, impacting Treasury yields and potentially leading to a significant rally.

Deep dives

Investor Interest in Corporate Bond Sales and Strong Demand

Record corporate bond sales and a solid takedown indicate strong investor interest in the market, with bid-to-cover ratios and indirect bidders showing positive trends. This suggests that buyers are present, especially in response to the larger auction sizes.

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