Bond Rout Inspires ‘Delayed Taper Tantrum’ Banter

The FOMC event risk has passed. That was one obvious explanation for Thursday's equity rally in the US. At the same time, consensus is coalescing around the view that Evergrande doesn't pose a systemic risk. Not even in China, let alone globally. While the new Fed statement, dots and Jerome Powell's suggestion of a relatively brisk taper, together made for a somewhat hawkish cocktail, I was quick to note on Wednesday that "all in all, September’s proceedings had an 'as expected' feel." Ther

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One thought on “Bond Rout Inspires ‘Delayed Taper Tantrum’ Banter”

Feels like the BoE and the repricing of rate hike expectations over there was the big catalyst for the broader bond selloff rather than anything US or Fed specific. We had 2yr UK yields jump 11bps.