Daily Archives: Jul 9, 2020 at 07:19 am EDT

Has The Fed Launched A Yield-Curve-Control Policy For Treasuries?

The Federal Reserve has publicly disclosed it’s considering it and many commentators have analyzed the implications. Officially, the central bank is conducting “further analysis” on so-called yield curve control (YCC). But looking at the flat trend in the 10-year Treasury yield in recent months raises the obvious question: Has YCC already started?

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Macro Briefing | 9 July 2020

Top Chinese diplomats offer conciliatory comments as tension rise with US: CNBC
Rising US Covid-19 cases trigger tougher face-mask rules: Reuters
Supreme Court expands worker exemptions for health care regulations: WSJ
Supreme Court set to rule on access to Trump’s taxes: Politico
Australia announces suspension of extradition agreement with Hong Kong: NYT
United Airlines will furlough up to 36,000 workers: BBC
China’s factory deflation eased in June amid rebound in commodity prices: MW
Decline in US consumer credit slowed in May as economy began to rebound: MW
Gold continues to rise, nearing record high price: Bloomberg