(USTs BULL STEEPENED, belly BID on above avg volumes)while WE slept; "...reducing supercore inflation may require a more pronounced slowdown in overall demand..."
(USTs BULL STEEPENED, belly BID on above avg volumes)while WE slept; "...reducing supercore inflation may require a more pronounced slowdown in overall demand..."
thebondbeat.substack.com
Good morning … What is about to follow — the morning AFTER a very good, market and FED friendly CPI — would seem to support the bond market ahead of it’s auction of 30yr duration later on today. While I’m perhaps a bit too cautious of spiking the football too soon, declaring victory on the war against ‘flation (Fed doesn’t control ‘Earl prices), some of what follows IS compelling …
(USTs BULL STEEPENED, belly BID on above avg volumes)while WE slept; "...reducing supercore inflation may require a more pronounced slowdown in overall demand..."
(USTs BULL STEEPENED, belly BID on above avg…
(USTs BULL STEEPENED, belly BID on above avg volumes)while WE slept; "...reducing supercore inflation may require a more pronounced slowdown in overall demand..."
Good morning … What is about to follow — the morning AFTER a very good, market and FED friendly CPI — would seem to support the bond market ahead of it’s auction of 30yr duration later on today. While I’m perhaps a bit too cautious of spiking the football too soon, declaring victory on the war against ‘flation (Fed doesn’t control ‘Earl prices), some of what follows IS compelling …