The sell-off in the Treasury market is following the footsteps of other mini-bear markets that have happened at the tail end of recessions. Barring some economic fireworks, it is entirely likely that yields will enter range-trading mode. For now, the question remains as to what levels the bear phase stalls out at....Bond Economics
Treasury Sell-Off Following Past Patterns
Brian Romanchuk
3 comments:
Fed still not hitting their “inflation!” target.... or their employment target...
ECB at -0.5%
BOE at 0.1% and starting to talk about possible negative rate
Fed also at 0.1% and NOT talking about negative rates... Fed trying to just say “not raising rates for a long while” which is not working...
U.K. has been with US on this but maybe now thinking to go with ECB and negative rates to compete..,
If trump would have stayed he’d be telling Fed to go negative like ECB but with sleepy Joe who knows,,,
https://www.marketwatch.com/story/negative-interest-rates-can-provide-significant-stimulus-bank-of-england-official-says-11610375868
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