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The X’s and Y’s Of Jerome Powell & The Long End, As Calculated by Eurodollar Futures

By |2018-03-13T19:29:16+00:00March 13th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For the end-of-bond-bull-market-crowd, 3% is a line in the sand. There is no inherent significance in that number, except that it’s a round one. The benchmark 10s as of now trade with regard to that level as if it’s a ceiling. That’s what makes it so momentous. In 2013, the yield finally broke 3% the [...]