(solid o/n volumes) while WE slept; BoE chaos; Yentervention! (unlikely to work) as JGBs haven't traded in couple days;
thebondbeat.substack.com
Good morning … Um, where to begin? Setting aside what COULD be viewed as choas within BoE as they hiked rates 50bps TO 2.25% (FIVE BOE OFFICIALS VOTE FOR 50BP HIKE; 3 FOR 75; 1 FOR 25, full schtick HERE), I’ll stay in my lane, focus on message continues to eminate from the worlds CB — the US Federal Reserve — where just yesterday, JPOW SAID,
(solid o/n volumes) while WE slept; BoE chaos; Yentervention! (unlikely to work) as JGBs haven't traded in couple days;
(solid o/n volumes) while WE slept; BoE…
(solid o/n volumes) while WE slept; BoE chaos; Yentervention! (unlikely to work) as JGBs haven't traded in couple days;
Good morning … Um, where to begin? Setting aside what COULD be viewed as choas within BoE as they hiked rates 50bps TO 2.25% (FIVE BOE OFFICIALS VOTE FOR 50BP HIKE; 3 FOR 75; 1 FOR 25, full schtick HERE), I’ll stay in my lane, focus on message continues to eminate from the worlds CB — the US Federal Reserve — where just yesterday, JPOW SAID,