ECI disappoints, front-end BID; 'somethin' remarkable'; QE flow-slo-mo-jo monitor
thebondbeat.substack.com
First from the sellside, an instant reaction TO the 830a ECI data, BMO: ECI Disappoints; Front-end Treasuries Rally The Employment Cost Index in Q4 came in at 1.0% vs. the 1.2% consensus and Q3's 1.3% print. Wages climbed 1.1% QoQ bringing the yearly pace to 4.5% while benefit costs were up 0.9% QoQ.
ECI disappoints, front-end BID; 'somethin' remarkable'; QE flow-slo-mo-jo monitor
ECI disappoints, front-end BID; 'somethin…
ECI disappoints, front-end BID; 'somethin' remarkable'; QE flow-slo-mo-jo monitor
First from the sellside, an instant reaction TO the 830a ECI data, BMO: ECI Disappoints; Front-end Treasuries Rally The Employment Cost Index in Q4 came in at 1.0% vs. the 1.2% consensus and Q3's 1.3% print. Wages climbed 1.1% QoQ bringing the yearly pace to 4.5% while benefit costs were up 0.9% QoQ.