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Global Bonds Are MOVING: Here’s What Central Banks Don’t Want You to Know
Description
Major shift in the Treasury curve with a critical spread uninverting for the first time in years. Bonds and central banks are on the move, which leaves some of Treasury market going the wrong way. And the only reason is Jay Powell. From swaps to other bonds, even something called term premia, the Fed is in the dark while bonds are lighting up.
Eurodollar University's Money & Macro Analysis
FRBNY Term Premia calculations
https://www.newyorkfed.org/research/data_indicators/term-premia-tabs#/interactive
Bloomberg Treasury ‘Term Premium’ Gauge Positive for First Time Since 2021
https://www.bloomberg.com/news/articles/2023-09-27/treasury-term-premium-gauge-positive-for-first-time-since-2021
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU