Rates, Rhetoric, & The Tapering Paradox
Via Avalon Investment & Advisory, “Either the well was very deep, or she fell very slowly, for she had plenty of time as she went down to look about her and to wonder what was going to happen next.” – Lewis Carroll,Alice’s Adventures in Wonderland / Through the Looking-Glass Tapering Paradox Over the past week…
Eurodollar Curve Chaos As Fed Does "Full 360 Degree" In Tapering Debate
As Deutsche Bank’s Jim Reid writes in his EMR report, “the big theme yesterday was a big intraday swing in rates as the European session saw yields rise everywhere but with this more than reversing late in the US session.” The rally back seemed to start just ahead of the latest Treasury auction and accelerated…