Posted 11/28/2023, 11:08:00 AM
Bonds Slide, Oil Rises Ahead of OPEC; Consumers Spend Despite Housing Woes
- Treasuries sold off easily on Monday despite heavy supply; oil prices firm ahead of OPEC+ meeting
- U.S. housing data remains weak while consumers show resilience on "Cyber Monday"
- Fed speakers reinforce expectations for rate cuts in 2023-24 to offset inflation
- Encouraged by bonds and geopolitics, dollar index falls to August lows
- Fashion firm Shein files for U.S. IPO; Fed seen years away from sending profits to Treasury