Swiss Economicblogs.org
Finally, finally the global bond market stopped going in a straight line. I write often how nothing ever does, but for almost three-quarters of a year the guts of the financial system seemed highly motivated to prove me wrong. Yields plummeted and eurodollar futures prices soared. It is only over the past few weeks that rates have backed up in what has been the first real selloff since last year. Is this a meaningful change? It may seem that way in certain places....
Read More »Stuck at A: Repo Chaos Isn’t Something New, It’s The Same Baseline
