Feb 25, 2023·edited Feb 25, 2023Liked by Callum Thomas

Great charts on bonds. What is missing is that the Fed’s bond buying program artificially lowered bond yields too far. We are now just reverting back toward normal. The market has been conditioned for the Fed to artificially lower rates since 2008. This why the YC was so inverted. (50 years experience with this)

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Feb 25, 2023Liked by Callum Thomas

UK gilts look like they could be in trouble next week

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