while we slept; inflation surprise; cyclical spending; fallin' rates - bullish or bearish? bullwhip effect
thebondbeat.substack.com
Good morning … festivities over, back to work. Summertime and we’re talking / pricing in rate CUTS? Not if you look at that wicked bad 2y and equally not good 5y auctions! Surprised? 7yrs up next — today @ 1pm — and UP ~25bps in the past 3 sessions, one might make the case that a concession is being built in,
while we slept; inflation surprise; cyclical spending; fallin' rates - bullish or bearish? bullwhip effect
while we slept; inflation surprise; cyclical…
while we slept; inflation surprise; cyclical spending; fallin' rates - bullish or bearish? bullwhip effect
Good morning … festivities over, back to work. Summertime and we’re talking / pricing in rate CUTS? Not if you look at that wicked bad 2y and equally not good 5y auctions! Surprised? 7yrs up next — today @ 1pm — and UP ~25bps in the past 3 sessions, one might make the case that a concession is being built in,