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Scandi Watch: Norges Bank -> A hawk flying among doves?

Scandi Watch: Norges Bank -> A hawk flying among doves?

The very mechanical rate path setup of Norges Bank allows us to track the rate path live, and in sharp contrast to elsewhere, it looks like we are ripe for another hawkish revision of the path in September.

The highly systematic rate path setup of Norges Bank allows us to track the rate path live. In sharp contrast to other regions, it appears that we are poised for another hawkish revision of the path in September.

Market Watch: Forget about emergency cuts. Here is what the Fed will do next!

USD Liquidity Watch: Trading the end of QT

As Lorie Logan hinted on Friday, the QT policy is running on fumes at the Fed, which leads us to ask the question; “How do we trade the QT taper and the subsequent more benign bank reserve bank case?”

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EM by EM #33: Early Hikers = Early Steepeners?

EM by EM #33: Early Hikers = Early Steepeners?

Forward curves continue to trend lower in the US and Eurozone. The early adopters are leading the way, but perhaps Yellen’s spending spree will pose another challenge for her EM colleagues. We have taken a look at potential receiver/steepener cases in EM space.

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