PremiumAuthored by Michael Ball, Bloomberg macro strategist,While larger Treasury buybacks are squeezing steepener trades and prompting a short-covering rally in the long-end, the burden of driving markets ultimately remains with the Federal Reserve.
Fed Outlook Uncertainty Still Overshadows Relief From Treasury Buyback
While larger Treasury buybacks are squeezing steepener trades and prompting a short-covering rally in the long-end, the burden of driving markets ultimately remains with the Fed...
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