The Treasury market’s implied inflation forecast continues to rise, but the source of this reflationary trend is born of a growing divergence between nominal and real (inflation-adjusted) Treasury yields. Explaining the divergence and pondering the implications can take several paths. But no matter your preference, all roads begin with monitoring the data that highlights this expanding gap.
Daily Archives: February 9, 2021
Macro Briefing: 9 February 2021
* Dems propose additional $1400 payment for $1.9 trillion relief package
* Senate leadership announces plan for today’s Trump impeachment trial
* US carrier groups conduct joint exercises South China Sea
* Hacker attempts to poison water supply in Florida city
* US average junk bond yield falls below 4% for the first time
* Italian government bond yields fall to record low
* Bitcoin rises to record high after Tesla discloses $1.5 billion purchase
* US crude oil benchmark rises for 6th day to nearly $58–a 1yr high: