Turnaround in bonds ahead of FOMC this week
Bond yields have fallen slightly. NAB’s Tapas Strickland suggests it might be down to expectation of more moderate language from the Fed as they try and rein in the response to their recent hawkish stance.
Day: 23 January 2022
THE TWITTERATI
12 Morning Calls, 3 Debunking Economics and 3 Why Curves till Christmas.
Resilience in the labour market seems to be a persistent theme. NAB’s Taylor Nugent says we saw it in the US and Canada on Friday, with markets expecting a deepening recession risk as central banks push harder. https://shows.acast.com/morningcall/episodes/the-central-bank-dilemma-is-it-working