"The Oscillation is one of the most dependable features of the investment world, and investor psychology seems to spend much more time at the extremes than it does at a happy medium" Interesting Week for U.S Rates following the US CPI Release and the Federal Reserve Rate Decision as Rates moved one way down. End of the week saw position squaring as markets looked stretched and NY Fed President Williams (FOMC Voter) comments "We aren’t really talking about rate cuts right now" reminded Markets they may have gotten ahead of themselves. The week ahead will see the release of 19 Dec Housing Starts 20 Dec Consumer Confidence and Existing Home Sales 21 Dec GDP Final Estimates / Initial Jobless Claims / Philly Fed Index 22 Dec PCE Price Index Exp 2.80% yoy (prior 3.00%) and Core PCE Prices Exp 3.40% (prior 3.50%) / Durable Goods Order 2% yoy (prior -5.40%) / New Home Sales / University of Michigan Sentiment This week will also see 5Y TIPS Auction and 20Y Bond Auction. C...
The specific focus of the Blog is on Global and Domestic interest rates and currencies market. I look at fundamentals to define my bias and corroborate that with a study of price action to put on high conviction trades. The views and opinions are those of author and author alone. ~ Author: Vaishali Bagchi