I Know You Want To, But Don’t Ignore This Out-Of-Cycle Wednesday Rate Hike
I imagine this is going to go by the wayside amid the Italian turmoil and renewed trade banter between Trump and China, but it's worth noting, so I'll touch on it briefly here. Over the past several weeks, emerging market monetary authorities have been at pains to shore up confidence in the face of the surging dollar, rising U.S. yields and a Fed that looks determined to stick to its guns on rate hikes. Yes, 10Y yields in the U.S. fell by the most since Brexit on Tuesday as traders flocked to
2 thoughts on “I Know You Want To, But Don’t Ignore This Out-Of-Cycle Wednesday Rate Hike”
Is the reason a 10Y’s yield falls during high demands for safe havens is because supply and demand dictates you have to pay more to get it, which in turn makes it cost more, and as a result that higher cost causes the end yield to be less?