The Credit Writedowns Newsletter
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Good morning everyone, I have some exciting — and also - sad news to tell you today. First, I am going to Bloomberg as a Senior Editor. And I am going…
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As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a…
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Quick note here to follow up on the macro crystal ball post I wrote a couple of weeks ago (link here for subs). Michael Msika over at Bloomberg had a…
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We got a big CPI print today, 5.0%. That's above expectations. And, we saw a mild uptick in US Treasury bond yields on the back of the number. But I am…
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Earlier today, Bloomberg reported that the yield on a 10-year US Treasury bond fell below 1.50% for the first time in months. And this happened…
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The US jobs report came in south of expectations, with non-farm payrolls increasing by 559,000 in May but the unemployment falling to a pandemic low of…
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We got reads from two US jobs data series this morning. And both showed continued forward progress. To me, this speaks to the potential for tapering of…
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Happy June.!! Listen, I want to start this month with a thought piece rather than a data piece. And this is going to be a pretty long post. But I think…
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To understand the likelihood of the US Federal Reserve's tapering timetable being accelerated, I believe we have to understand how quickly the US…
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In yesterday's post, the question was this: how bad do inflationary impulses have to get - even if they're just transitory - to matter? The Fed is…
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The interplay between a central bank's forward guidance and market expectations are where the rubber hits the road on long-term interest rates. It's not…
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I was talking to my colleague Jack Farley about the financial news flow earlier today. (We're recording a Real Vision Daily Briefing at 4:30PM EDT). He…
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