What can the RBA do?
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.
Category: Bond Market
Fed staff lose hope on inflation
Hidden inside the minutes to the Fed’s 30 April meeting is an alarming paragraph that suggests Fed staff have grave
troublesome t-bills
Last night’s four week US T-bill auction result was a little odd. The auction of US$30bn of four week paper
FED can still sep-taper
Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected
QE-outlook dims as Summers brightens
The QE outlook has started to dim, as Lawrence Summers firms as favourite to replace Bernanke next year. This seems
The regulatory bond-bid (+ bank funding)
In my recent post regarding central bank balance sheet operations and bond market term premium (see how QE works), there’s a
ricardian ambivalence 