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Just something to think about: Fed Funds rate follows the 2-year treasury with a lag. What BlackRock calls "deliberately causing recession", I would call "foll
by mdcds 4y ago
Just something to think about: Fed Funds rate follows the 2-year treasury with a lag.
What BlackRock calls "deliberately causing recession", I would call "following the signal from the bond market"
Chart: https://stockcharts.com/h-sc/ui?s=%24UST2Y&p=W&b=1&g=0&id=p43030987230 https://stockcharts.com/h-sc/ui?s=%24UST2Y&p=W&b=1&g=0&id=p4...
- mdcds 4y agoActually, the relationship with 6-month treasury is even stronger: https://stockcharts.com/h-sc/ui?s=%24UST6M&p=W&b=1&g=0&id=p13294016651 https://stockcharts.com/h-sc/ui?s=%24UST6M&p=W&b=1&g=0&id=p1...
- kitrose 4y agoThis is all circular because the treasuries are being priced based on the expectation of the rate changes.