Bond yields have fallen sharply over the past two weeks, having now roundtripped the past two FOMC meetings, going all the way back to where they'd been before the "hawkish rate cut" in December. Latest data on the services economy go a long way to explaining why, with signs of one-offs and non-economic artificial factors more and more coming out of it.
Eurodollar University's Money & Macro Analysis
Bloomberg US Bond ‘Death Spiral’ Risk Brushed Aside by Foreign Funds
https://www.bloomberg.com/news/articles/2025-01-16/treasuries-death-spiral-risk-is-brushed-aside-by-foreign-funds
Bloomberg Working Americans Turn to Food Banks as Fed Inflation Battle Drags On
https://www.bloomberg.com/news/features/2025-01-27/us-inflation-leads-families-to-struggle-for-food-fed-debates-rate-path
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.