Bonds are still on the ropes this morning as markets move to price in tighter central bank policy stances. That is: increases in bond yields have outpaced increased in market-based measures of inflation expectations…
Looking ahead, unlike last week we have a very busy calendar this week. Headline events include tons of ECB-speakers because the central bank is holding its own version of Jackson Hole. Besides a dozen or…
No one is getting excited about the FOMC meeting tonight, which is exactly Powell & Co’s plan. By choreographing and telegraphing the taper well in advance, the Fed hopes the nominally tighter monetary policy will…
Meanwhile in markets, risk-off undertones pervade because of the Evergrande saga, but that isn’t leading to a flight to quality (at least not yet). While most major markets in Asia are closed this morning because…
Meanwhile in markets, Bunds and Treasuries have staged a remarkable recovery on the lower than expected US inflation reading on Tuesday. Surprisingly, equities are down over the past weeks. Which means there’s another BTFD opportunity….
Today’s ECB-only Comment is divided in two parts. A one-pager previewing today’s meeting (first part). And an in-depth analysis on the effect of bond buying and TLTROs on liquidity conditions in the next twelve months…
