To hear everyone tell it, bond yields are surging. Losses in the marketplace are “piling up” allegedly because hawkish central bankers will be fighting inflation a lot longer than previously hoped since the economy is so insatiably red hot. Except, none of that is true; starting with bond yields. And we can check our work, too, in a way that actually touches the real world.
Eurodollar University’s Money & Macro Analysis
Bloomberg Bond Market Sees Fewer Rate Cuts Than Fed, Deepening Losses
https://www.bloomberg.com/news/articles/2024-04-02/markets-back-to-seeing-fewer-rate-cuts-than-the-federal-reserve
Bloomberg Fed’s Daly Says Three Rate Cuts Is Reasonable Baseline for 2024
https://www.bloomberg.com/news/articles/2024-04-02/fed-s-daly-says-three-rate-cuts-is-reasonable-baseline-for-2024?srnd=fixed-income
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU