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18.10.26 - 21:03
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Pimco Sees A 6% 10-Year... Here′s Why "Bad Inflation" Caps Yields (ZeroHedge)
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Pimco Sees A 6% 10-Year... Here's Why "Bad Inflation" Caps Yields
Authored by Lance Roberts via RealInvestmentAdvice.com,
Will interest rates go up to 6%? That's the question on many investors' minds since Pimco's chief investment officer, Dan Ivascyn, told the Financial Times last Friday that a 6% 10-year Treasury yield is "certainly possible." This week's hotter-than-expected September CPI report only added fuel to that argument.
I get it. The 10-year closed at 5.31% on October 5, the highest close since May 2002. It started the year at 4.18%. However, look at what is actually driving inflation. Then look at how every major yield spike since 1990 ended. The case for a sustained move to 6% gets thin quickly.
Pimco's 6% Call, And Why It Landed
In case you didn't read the article, let's start with what Ivascyn actually said, because the headlines compressed it. He did not forecast 6%. He said it was possible, and he tied a big part of the recent move to market plumbing rather than econo...
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17.10.26 - 16:12
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Can the Fed Fight Inflation Without Hurting Farmers? (Bloomberg)
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Chicago Fed President Austan Goolsbee traveled to rural Illinois to hear directly from farmers facing lower crop prices and rising costs for fuel, fertilizer and other inputs. Those conversations offer the Fed a ground-level view of inflation pressures that may emerge before they are fully reflected in national data. (Source: Bloomberg)...
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16.10.26 - 23:42
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Thomas Hoenig on Rate Hikes, Inflation Outlook (Bloomberg)
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Thomas Hoenig said Kevin Warsh's refusal to signal the Fed's next move was appropriate and gives policymakers flexibility ahead of the late-October meeting. Hoenig noted that inflation has risen and could climb further, citing energy costs and their spillover into core prices. He speaks with Romaine Bostick & Kristine Aquino on "The Close." (Source: Bloomberg)...
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