Now that everyone has jumped on the inflation bandwagon (better late than never) the bond market has thrown them a curve. Rates have plunged in the face of Fed promises to throttle back inflation by raising rates, leaving many economists scratching their heads.
This is nothing new. Fundamentals have increasingly been an unreliable source of information for fixed income traders/investors in recent years. Chart patterns, on the other hand, have trumped the economists all along.
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