Yellen and Brainard on Fed Policy Normalization
Fed Chair Yellen delivered the first leg of her semiannual testimony on monetary to Congress on Wednesday. Â Yellen was upbeat on the labor market...
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What's Bugging Bonds?
Our forecast of higher bond yields in 2017 was looking questionable in late June as the 10-year Treasury yield dropped to a low of 2.14% on June...
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NFP Gives the Green Light for Globally Concerted Tightening, Despite Persistent Disinflation
US non-farm payrolls (NFP) exceeded expectations in June, rising by 222,000 (versus expectations of 179,000) and the numbers for May and April were...
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Strong U.S. Employment Report For June
Nonfarm payrolls rose 222K in June (a stronger gain than forecasts) and payroll gains for the prior two months were revised 47K higher.  The...
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US: Bond Market Conundrum 2.0
The time-varying term premium embedded in bond yields ensures that the Fed's ability to affect longer-term yields and, hence, overall financial...
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