(USTs 'sharply steeper after the 20y JGB auction saw a historic tail (+7bps)')while WE slept; HARD landing becomes NO landing; FOMC minutes SAY ... whatever you wanna see?
(USTs 'sharply steeper after the 20y JGB auction saw a historic tail (+7bps)')while WE slept; HARD landing becomes NO landing; FOMC minutes SAY ... whatever you wanna see?
Good morning … There was a situation overnight in Japan which may very well go underneath the radar screens but with BoJ top of mind as of late and supply / demand INBALANCE, generally speaking (more below) I offer a couple resources from the www First from
Great point and questions and saw Yardeni getting more Bobble Head TV time — not alone in askin bout vigilantes .. should be an all points bulletin. And I’ll be honest I’m thankful u didn’t suggest BITC as flation hedge 😀
Serious question: this notion of the Bond Vigilante seems a romanticization at this point. Where is this mythical beast to be found in the wilds? I have my own theory-that they're retired and/or departed. And if age didn't get them to tap out, then subsequently there was this IMO Extinction Event that took place circa 2008: The advent of QE. QE's even slayed Gold, for a time anyways. But may I suggest (excluding my Gold-Bug bias), NEVER count out Gold. Just ask the BRICS nations. Thanks Steve!
Imagine if there wasn't the Globally Agreed to 2% Inflation targeting, the Fed would have an even more amazing juggling act to complete. And I missed the memo or White Paper-when exactly did the BIS-IMF, and all CBs agree to 2% inflation targeting? Have we all been Globalists the last 15 or more yrs w/o knowing it?
Great point and questions and saw Yardeni getting more Bobble Head TV time — not alone in askin bout vigilantes .. should be an all points bulletin. And I’ll be honest I’m thankful u didn’t suggest BITC as flation hedge 😀
Serious question: this notion of the Bond Vigilante seems a romanticization at this point. Where is this mythical beast to be found in the wilds? I have my own theory-that they're retired and/or departed. And if age didn't get them to tap out, then subsequently there was this IMO Extinction Event that took place circa 2008: The advent of QE. QE's even slayed Gold, for a time anyways. But may I suggest (excluding my Gold-Bug bias), NEVER count out Gold. Just ask the BRICS nations. Thanks Steve!
Imagine if there wasn't the Globally Agreed to 2% Inflation targeting, the Fed would have an even more amazing juggling act to complete. And I missed the memo or White Paper-when exactly did the BIS-IMF, and all CBs agree to 2% inflation targeting? Have we all been Globalists the last 15 or more yrs w/o knowing it?