weekly observations: stay short 10s, higher yield f'casts, be patient before buying DIP and more ... conflicting calls; Bostic SAYS (#FOMC101); Bill Gross in steepener; wazoo
while WE slept: belly BID (SNB cut) on strong volumes; "Federal Reserve marks UP longer-run view on rates"; "Disinflation despite a bumpy road" ... and so, JUNE it is, then; MAYbe, butt...
while WE slept: USTs higher on light vol; DOTS darts <GO>; "No Landing = Stocks Beat Bonds"; ... and, "Time to worry again about rising interest rates? Stay tuned!" (a MONTHLY look at 10yy)
while WE slept: USTs bull steepen on strong volumes (RBA unch and BoJ ends NIRP, maintains JGB purchasing pace); #Got20s?; 5 reasons narrative 'bout to shift (again)
how tight is The Fed? maybe NOT as tight as you might have thought (WSJ); ALSO a few other things (upwardly revised yield f'casts, rates of change and 11 charts of the 'stunning recovery' ...