(USTs higher / flatter on light volume)while WE slept; "Is 3 the new 2?" (DB); "Bond vigilantes will be back" (Dudley); 'BIG conviction in LOWER yields in 24' (BAML)
(USTs higher / flatter on light volume)while WE slept; "Is 3 the new 2?" (DB); "Bond vigilantes will be back" (Dudley); 'BIG conviction in LOWER yields in 24' (BAML)
thebondbeat.substack.com
Good morning. MOST if not all of what follows will need a severe edit just after 830a and the CPI print. Hard to believe that many out there are placing lots of weight on a single CPI print — today’s CPI — for narrative creation. Truth be known, most of them are armed and dangerous with Bloomberg and the ‘ole ‘economic workbench’ (I’m sure I’ll be posting some of those ‘workbenched’ charts here tomorrow to ‘prove’ one point or another) and can shape shift the narrative however they’d like.
(USTs higher / flatter on light volume)while WE slept; "Is 3 the new 2?" (DB); "Bond vigilantes will be back" (Dudley); 'BIG conviction in LOWER yields in 24' (BAML)
(USTs higher / flatter on light volume)while…
(USTs higher / flatter on light volume)while WE slept; "Is 3 the new 2?" (DB); "Bond vigilantes will be back" (Dudley); 'BIG conviction in LOWER yields in 24' (BAML)
Good morning. MOST if not all of what follows will need a severe edit just after 830a and the CPI print. Hard to believe that many out there are placing lots of weight on a single CPI print — today’s CPI — for narrative creation. Truth be known, most of them are armed and dangerous with Bloomberg and the ‘ole ‘economic workbench’ (I’m sure I’ll be posting some of those ‘workbenched’ charts here tomorrow to ‘prove’ one point or another) and can shape shift the narrative however they’d like.