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Weak demand for US 7-year treasuries sent Wall Street indices lower on Wednesday, on concerns that funding the US deficit will drive up yields alongside ‘higher for longer’ Fed rates. And that manifested with a higher US yields curve and a stronger USD, which enjoyed at strongest daily performance in over a month. This week I have warned of a potential ...
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post: FED’S BOSTIC: INFLATION PATH WILL BE BUMPY, BUT GENERAL TREND IS DOWN || PATH TO 2% INFLATION IS NOT ASSURED, FED IS VIGILANT || JOB MARKET TIGHT BUT NOT AS TIGHT, MORE LIKE FEB. 2020 post: FED’S BOSTIC: BREADTH OF PRICE GAINS STILL PRETTY SIGNIFICANT || LESS INFLATION BREADTH WOULD ADD TO CONFIDENCE FOR CUT
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