Reflexivity And Why The Fed Must Sell The Long End

Reflexivity And Why The Fed Must Sell The Long End

Via Global Macro Monitor, The yield curve is flattening like a pancake.   Tightening cycles tend to do that. Furthermore, the effective float of 10-year and longer U.S. notes and bonds is relatively small and greatly distorts the bond market signal.  ...
Canada Over the Long Term: The Big Pivot

Canada Over the Long Term: The Big Pivot

PIMCO’s recent Secular Outlook, “Pivot Points,” discusses five key policy pivots that could affect the global economy and Canada over the next three to five years. While our baseline global forecast is relatively benign for Canadian growth, we do...
Well, That Didn’t Take Long…

Well, That Didn’t Take Long…

Good day… And a Happy Friday to one and all! It’s a stormy Friday morning for us here in St. Louis. I could hear the rumbling thunder when I first woke up this morning, and now the lightening and very loud rain has knocked out our internet / wireless...