3Novices:After getting so used to QE, and and rather liking it, now we’re facing the altogether harder world of QT

The Federal Reserve has raised rates and outlined its plans to shrink the size of its balance sheet but US Treasury yields haven’t yet taken the hint.
“Financial markets have utterly ignored this week’s communication from the Fed – at least in terms of the tightening profile,” wrote the Dutch financial services group ING on Friday.
Or perhaps the response of financial markets is a rational if counter-intuitive reaction to the Fed’s announcements. While the…
June 19, 2017 at 11:25AM
#3Novices #News #OnlineMedia #China 3Novices China


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