What can the RBA do? Faster QE will take RBA ownership of mid-curve ACGBs to 50%. They should consider buying Ultras and increasing the share of Semis. And rolling YCC to Nov’24.
Hidden inside the minutes to the Fed’s 30 April meeting is an alarming paragraph that suggests Fed staff have grave
Last night’s four week US T-bill auction result was a little odd. The auction of US$30bn of four week paper
Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected
The QE outlook has started to dim, as Lawrence Summers firms as favourite to replace Bernanke next year. This seems
In my recent post regarding central bank balance sheet operations and bond market term premium (see how QE works), there’s a