while we slept (degrossing theme); war = growth deflation; high debt NOT economic problem; agree or NOT with Bill (de)GROSS(ing)
thebondbeat.substack.com
Good morning. Stocks and bonds both down (price) on very little news over the weekend. BA having its own difficulties but jumping right in, here’s what happened … WHILE YOU SLEPT Treasuries are bear-flattening, while the DXY has modestly benefitted from some light risk-aversion in London trade after the Japanese holiday period. EGBs are slightly underperforming here as the ECB's Lagarde dismissed stagflation fears after German PPI inflation jumped to nearly 26% this AM. BTP 10s are +5bps, while Eurostoxx are marked slightly higher here at 7am.
while we slept (degrossing theme); war = growth deflation; high debt NOT economic problem; agree or NOT with Bill (de)GROSS(ing)
while we slept (degrossing theme); war …
while we slept (degrossing theme); war = growth deflation; high debt NOT economic problem; agree or NOT with Bill (de)GROSS(ing)
Good morning. Stocks and bonds both down (price) on very little news over the weekend. BA having its own difficulties but jumping right in, here’s what happened … WHILE YOU SLEPT Treasuries are bear-flattening, while the DXY has modestly benefitted from some light risk-aversion in London trade after the Japanese holiday period. EGBs are slightly underperforming here as the ECB's Lagarde dismissed stagflation fears after German PPI inflation jumped to nearly 26% this AM. BTP 10s are +5bps, while Eurostoxx are marked slightly higher here at 7am.