A new abbreviation has made its way into the vocabulary of those with an interest in finance, markets, the state of the economy or all of the above. So, what is this ‘Bank Term Funding Program’, and does it really differ from QE in nature?

A new abbreviation has made its way into the vocabulary of those with an interest in finance, markets, the state of the economy or all of the above. So, what is this ‘Bank Term Funding Program’, and does it really differ from QE in nature?
Is it really a possible scenario that the Fed will do stealth-QE by summer 2023? And are equities still a sell based on USD liquidity plumbing? Get the answers here!
Is BoE the patient zero in the fight against bond vigilantes? More panic could be upcoming from other central banks soon as real rates are shooting for the stars
I remain of the view that it is inadvisable to make large portfolio changes during Geopolitical turbulence. Markets remain lukewarm despite the Russian aggression, so let’s look at the medium-term.