Since I was asked WHY rates were moving this way, esp in light of MarkitPMI — which honestly seems underwhelming to ME at least at this stage of my game. And with MarkitPMI and the DAY 1 bond selloff-A-thon in place, the question remains worth considering … WHY or better yet, what if anything, DAY 1 says about rest of the year. Well, Bloomberg’s Cam Crise (aka Macro Man) offered an attempted answer. I’ve highlighted what I thought useful,
The First Trading Day of 2022 Is Just Another Day
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The First Trading Day of 2022 Is Just Another Day
Since I was asked WHY rates were moving this way, esp in light of MarkitPMI — which honestly seems underwhelming to ME at least at this stage of my game. And with MarkitPMI and the DAY 1 bond selloff-A-thon in place, the question remains worth considering … WHY or better yet, what if anything, DAY 1 says about rest of the year. Well, Bloomberg’s Cam Crise (aka Macro Man) offered an attempted answer. I’ve highlighted what I thought useful,