Follow The (Convexity) Flows: Restriking Of The Fed Put Revisited

Over the past month, we've spent a considerable amount of time talking about the extent to which, last week's selloff through 3% on 10s notwithstanding, the long end could continue to find sponsorship for a variety of reasons including, most obviously, a safe haven bid associated with acute risk-off episodes but also the assumption of a stable currency thanks in no small part to the Fed and expectations that Fed hikes (and the accompanying USD strength) will ultimately serve to cap inflation exp

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints