A Nasty Inflation Surprise
There was "nasty" inflation news on Wednesday and it prompted a "huge" move in bond yields.
Those are the actual adjectives ("nasty" and "huge") employed by one mainstream media outlet to describe a 0.2ppt overshoot on headline CPI in the UK and the market reaction in gilts.
Picture this. You're having tea and a light breakfast in a quiet cafe. Everyone's reading the paper or, more likely, scrolling mindlessly through their social media feeds, when ONS ruins the mood. Or your mood, anyway. Hea
That’s a good one
+1
Thank you. That set my mood for the day. Keep them coming 🙂
LOL… you’re like an artist painting a picture with a sarcastic brush.
This type of material should be a new daily offering, sort of like Borrowitz but for finance.
And I’m now picturing Dick Van Dyke in his prime sporting that terrible cockney accent.
Then I woke up…it was all just a dream…phew…