while we slept; 20s have fallen and cant get up; happy QT day! USTs overbought? higher yields stronger dollar;
thebondbeat.substack.com
Good morning … from The Morning Hark, … Welcome one and all to QT day! The day the Fed starts its quantitative tightening program with an eye watering $30bn of treasuries and $17.5bn of MBS being withdrawn from the market monthly. It will be interesting to see how the market responds to this over time but it does feel like it has not been front and centre of the market’s attention of late. All eyes today on the manufacturing PMIs across the major financial centres with some central bank speakers thrown in for some fun …
while we slept; 20s have fallen and cant get up; happy QT day! USTs overbought? higher yields stronger dollar;
while we slept; 20s have fallen and cant get…
while we slept; 20s have fallen and cant get up; happy QT day! USTs overbought? higher yields stronger dollar;
Good morning … from The Morning Hark, … Welcome one and all to QT day! The day the Fed starts its quantitative tightening program with an eye watering $30bn of treasuries and $17.5bn of MBS being withdrawn from the market monthly. It will be interesting to see how the market responds to this over time but it does feel like it has not been front and centre of the market’s attention of late. All eyes today on the manufacturing PMIs across the major financial centres with some central bank speakers thrown in for some fun …