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Timmerfidelity

@timmerfidelity
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  • Based on the forward curve, the Fed is expected to push the real rate up to 2.1%. Add 1% from the effects of QT, and you get to a properly restrictive zone. As we see here, this Fed cycle has fallen in line with past cycles. We may be approaching an
    Based on the forward curve, the Fed is expected to push the real rate up to 2.1%. Add 1% from the effects of QT, and you get to a properly restrictive zone. As we see here, this Fed cycle has fallen in line with past cycles. We may be approaching an
    Comments 0
  • Fed impact: The increase in the terminal rate has pushed long rates back up to their June peaks. Note how the 10yr is lagging behind the terminal rate: that’s the inversion at play.
    Fed impact: The increase in the terminal rate has pushed long rates back up to their June peaks. Note how the 10yr is lagging behind the terminal rate: that’s the inversion at play.
    Comments 0
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