This is fantastic, thanks. Flattening yield curve at the slightest hint of an attempt to raise rates from near-zero levels! Isn't this the market telling the Fed it doesn't believe the Fed can pull off more than a couple of tiny rates hikes (if at all)? If I was a policy maker I would be very worried by this market reaction, since it means I have lost control or credibility or both.
Fantastic! For each chartbook you post, I learn a lot more about us money market.
If possible, write about capital requirements and their impacts on those rates and FX market.
Thanks!
This is fantastic, thanks. Flattening yield curve at the slightest hint of an attempt to raise rates from near-zero levels! Isn't this the market telling the Fed it doesn't believe the Fed can pull off more than a couple of tiny rates hikes (if at all)? If I was a policy maker I would be very worried by this market reaction, since it means I have lost control or credibility or both.
My best subscription by far.