Key Insight: Federal Reserve Chair Jerome Powell said there is uncertainty about how the Iran war will affect the economy, but that the central bank’s monetary policy is well positioned to “wait and see” how conditions unfold. Expert Quote: “You have to carefully monitor inflation expectations, because a series of these supply shocks can lead […]
Powell says Fed cautious as Iran war drives inflation risks Read More »
Bullish gap openings have sent yields back into Thursday’s ranges, the 5-year even back into the gap it left Thursday morning. Treasuries closed mixed on Friday as the yield curve, which has been in a flattening cycle all year, steepened a bit just as it’s doing this morning. Processing Content The flattening trade accelerated the
Treasury curve steepens after weeks of flattening Read More »
Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy. Processing Content As oil pushes over $116 a barrel and the conflict shows little signs of ending, traders have largely focused on the inflation shock.
JPMorgan, Pimco say bond market is misjudging slowdown risk Read More »