Steno Signals #118 – The labour market is NOT growing. The Fed will cut MORE
The Fed will get plenty of opportunities to frontload cuts further this year as the labor market remains weak. Is this all driven by the election season? And why is the labor market so out of sync with the markets? To read the full article, sign up for a 14-day FREE...
EM Watch: Time to play the long end of the Chinese yield curve?
Is there no end to the bid in Chinese longer-dated fixed income? Our growth, inflation, and liquidity models for China still suggest that Chinese fixed income remains the only worthwhile investment among liquid asset classes in the country. To read the full article,...
Macro Nugget: Big upside if BoE decides to follow the Fed
Looking at short-term rate betas between the US and UK, it doesn’t seem like markets believe that a rate cut by the Fed would signal a green light for the BoE to follow suit. Aside from some relatively strong wage data, the UK’s macroeconomic indicators...
Recent Comments