Bond yields are the FX market’s nervous system: a practical guide
If you trade currencies without watching the curve, you are reacting to moves that were already visible somewhere else twenty…
Category: Bonds & Rates
Sovereign yields, curve moves and the funding backdrop behind the dollar.
The yield curve, read properly: what inversion does and does not predict
Inversion is the most over-quoted signal in macro. What it actually encodes is an expectation of future easing - and…
Central Banks
Quantitative tightening: the balance sheet as a policy tool
Shrinking a central bank balance sheet removes a price-insensitive buyer from the bond market. The effect is slow, hard to measure, and occasionally abrupt.