Today is the FOMC announcement day.
Jaypow gave the markets exactly what they wanted.
The slightly higher reduction of tightening speed I imagine is to offset the higher than expected treasury issuance.
The long bond in the US is at risk of getting out of control with this level of US government spending.
Jaypow gave the markets exactly what they wanted.
The slightly higher reduction of tightening speed I imagine is to offset the higher than expected treasury issuance.
The long bond in the US is at risk of getting out of control with this level of US government spending.