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home / news releases / BILS - Rates Spark: Outcome-Based


BILS - Rates Spark: Outcome-Based

  • One weak US payrolls number does not change the big picture, and one big inflation print tomorrow will likely not also.
  • It will confirm a big rise in prices in the past year though. That's a clear outcome, but the Fed needs more - a string of them.
  • This is a bond market that has indeed built an inflation discount. At the same time, it's a bond market that is discounting quite a poor medium-term growth outlook (negativerealyields).
  • The rise in euro rates has been larger in recent weeks, even though the oomph is US-driven.

For further details see:

Rates Spark: Outcome-Based
Stock Information

Company Name: SPDR Bloomberg Barclays 3-12 Month T-Bill
Stock Symbol: BILS
Market: NYSE

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