Global Rates Trader_ Fiscal Risks Not All One Way
Fire work&SEVENS·2024-12-03 14:08
29 November 2024 | 8:44PM GMT Global Rates Trader Fiscal Risks Not All One Way Narrative volatility around the US fiscal outlook has been notable over the last month. We are skeptical that the US deficit trajectory offers a reason to be bullish the long-end at this stage, instead viewing the fiscal picture as a factor that supports longer term yields remaining somewhat sticky under our baseline. In the near-term, labor news and the justification for Fed cuts should be more consequential to the market tone. ...