US equity index futures are performing another omicron U-turn this morning, limiting the fallout in Asian markets of another fairly gruesome Wall
Tag : Us Treasuries
This wasn’t meant to be a running tally. In fact, that was my major point in yesterday’s curve inversion missive; the thing inverted, it stayed
So, the eurodollar curve has inverted. Bad news. Now what? While this is a major milestone in the monetary system’s decidedly anti-inflation/growth
Stop me if you’ve heard this before: dollar up for reasons no one can explain; yield curve flattening dramatically resisting the BOND ROUT!!!
Flatter. The yield curve continues to shrink in the important middle calendar spaces where growth and inflation expectations run the place.
This sour/soar stuff goes back many years. The last time we went through the same hysteria (if for different reasons), everyone said the global
When Japan’s Ministry of Trade, Economy, and Industry (METI) reported earlier in November that Japanese Industrial Production (IP) had plunged
Where is the “tantrum?” If there is one, to this point it has been historically minor changes limited to the shorter end of the yield curve
At first, it was taken as a sign of relief, of strength and the return of good fortune. So many massive ships each overloaded with containers stacked
The bond market’s verdict has already been rendered. In fact, the judgment was made even before this year’s CPIs surged to the highest they’d
The TIC data is great, it’s fantastic and wonderful if by comparison to the utterly slim pickings available elsewhere – which is practically nil.
Milton Friedman was touring India, and while there he shocked his audience by stating, “Inflation is always and everywhere a monetary
Picking up where we left off from our review of the first series of landmines, including the big one at the end of 2008, the world has been rocked by
For the first time since last December, the level of Job Openings (JO) pictured by the BLS’s JOLTS survey declined. End of the line for the
Irving Fisher was a prolific economic writer and thinker. In addition to decomposing bond yields into growth and inflation expectations, he also came