·9 min read
Two Dates That Set Your Coupon: CPI on 11 September, the Fed on 16 September
August CPI on 11 Sep, FOMC on 16 Sep with 56% hike odds. What each outcome does to bills, the 2-year and 30-year, a ladder for both, tax for non-US buyers.
August CPI on 11 Sep, FOMC on 16 Sep with 56% hike odds. What each outcome does to bills, the 2-year and 30-year, a ladder for both, tax for non-US buyers.
Kevin Warsh's first Jackson Hole keynote never mentioned a cut. September hike odds went from 35.4% to 45.7% and the 2-year yield jumped to 4.298%.