I’d say the bond moves are just a function of the macro backdrop (growth and inflation) rather than Warsh intentionally / unintentionally pushing them higher
Interesting. I was just thinking because the bear flattener really happened right with the Warsh comments. He is very smart and I'm sure is coordinating with Bessent. I can't lose the suspicion that he's trying to get the long-end down so that Bessent can finally term out the duration a bit. Otherwise, why didn't we get that bear flattener before Warsh already. Anyway, just my 2 cents here
Nice one! To be honest i was expecting equities to re-price lower.
thnk you sir
Makes more sense to me now. Was counter intuitive at first. But the bond move seems to have been caused by Warsh? How does that fit in?
I’d say the bond moves are just a function of the macro backdrop (growth and inflation) rather than Warsh intentionally / unintentionally pushing them higher
Interesting. I was just thinking because the bear flattener really happened right with the Warsh comments. He is very smart and I'm sure is coordinating with Bessent. I can't lose the suspicion that he's trying to get the long-end down so that Bessent can finally term out the duration a bit. Otherwise, why didn't we get that bear flattener before Warsh already. Anyway, just my 2 cents here