Today's topics include previewing tomorrow's payrolls report, yesterday's FOMC meeting, understanding Fedspeak, the focus on tighter financial conditions in yesterday's FOMC statement, some perspective on yesterday's fall in yields, higher for longer, searching for neutral, the mortgage lock-in effect, and the oil markets assess wider war risks
Jim Bianco joins Fox Business to discuss Inflation, the Bond Market & Post-Pandemic Debt Dynamics with Charles Payne.
In a year when bond bulls desperately search for reasons their outlook has not worked out, U.S. Treasury supply has offered a convenient scapegoat.
Rather than reverting to the mean as many expected, bond returns are in the midst of an encore performance of last year's terrible returns.
Today's topics include FOMC preview, Bank of Japan buys bonds, economic sentiment versus reality, Dudley on the 'Fed pause', Shelton comments on market stability under the Fed, Druckenmiller makes a big bullish bet on 2-year notes, eyes on the Treasury market, and impact of higher rates on private equity investments.
The Bank of Japan enacted yield curve control in 2016. Since then, anytime yields on the Japanese 10-year pushed against the upper limit, the BoJ took action to widen the band. Earlier today the BoJ loosened the cap on rates for the fifth time, bringing into question the effectiveness of yield curve control.
Differentiating 'allocator' ETF flows from 'trader' ETF flows
Today's topics include the Fed's conundrum, on Treasury supply & borrowing, stickier wages adds challenges for the Fed, Chinese economy continues to flash worrying signs, a money draught in commercial real estate, the impact of the rush to cash, subpar savings rates, Eurozone inflation falls, and the Middle East war impact on oil
A replay of our November 2, 2023 conference call.