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This week’s opening session had little to offer, especially not coming on the heels of last week’s spectacular opening week including US activity/labour data and EMU inflation numbers. Their outcome and the market reaction to them suggests that the bullish bond correction since the early November FOMC meeting is over, making way for more neutral, sideways action ahead.
Dovish ECB Centeno later balanced the comments by suggesting that there is a risk of doing too much on rates. The different views show that the jury is still out on the September decision. Money markets see a 25% probability of a September rate hike (our preferred scenario) .
Dec. 8, 1922 WAR SAVINGS CERTIFICATES TO BE PAID JAN. 1 The War Savings Certificates of the series of 1918 will be due on Jan. 1, 1923, and the government is now prepared to take up these st...