A Snapshot of the Market for the Week Ended March 19, 2021:
There was suspicion looming in the bond market. Powell unequivocally says that he is serious about implementing the Fed’s new thinking, but the marketeers are skeptical about its determination. At this point, even the ones who are adept at calling markets are clearly just making guesses because we are travelling on a new road and trying to outsmart the Fed is a fool’s errand. Nevertheless, it is important to characterize this ongoing tug of war and make an effort to reconcile the forces that are creating bond market anxiety.
Follow us on: LinkedIn
By Hubert Marleau
By Hubert Marleau
