Despite repeated speeches to the contrary.
Chinese RMB gains, but is inconsequential as central banks remain leery. Euro hangs on.
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
And why are Bank of Mexico executives and employees resigning in droves?
China, Japan, other foreign investors, the Fed, US government funds? Nope.
“Substantial Increase in the Risk of a Downside Scenario”: Moody’s
How does it compare to German, Japanese, and Chinese yield curves?
What will the Bank of Canada do?
Russia, Japan, and the Fed dumped, China hung in there…. But who bought?
A vicious cycle, kicked off by cheap debt that’s suddenly not cheap, after 8 years of experimental monetary policies.