Excerpt from Bloomberg quoting DataTrek’s Nick Colas:
…. ” Plus, money market traders are still only pricing in about a 50% chance of a Fed rate cut in December, according to DataTrek. “U.S. stocks feel tenuous at best, but other markets are not ringing alarm bells as they have in prior end-of-cycle periods,” DataTrek co-founder Nicholas Colas wrote in a research note to clients. We can add another to DataTrek’s list: Italian bonds. Demand was so great for the fiscally challenged nation’s first offering of dollar-denominated securities since 2010 that it was able to double the amount of bonds sold to $7 billion on Wednesday”….
Read the full article here on Bloomberg!