BLOOMBERG Bloomberg July 3, 2024
Coming up yields go for a ride. Seeing some ground to end the week. And thats because mixed with official saying the market is tightening rapidly. Inflation still running hot but how hot is too hot for the fed to push rates higher . We begin with the big issue, the market gets ahead of the set. The bond market is tightening financial conditions and that is doing the work for the fed. Europe was doing the feds job. We have been watching the rising bond yields the last few weeks and tighter financial conditions so we think that is doing some of the work for the fed. The fed is probably done rais...