IBTK - Tapering Telegraphed; Political Risk High; Long-Term Yields Capped - Market Strategy Weekly - August 20 2021

• What is the Federal Reserve going to do? Where are interest rates going? How does the political landscape affect it all?
• It's a lot of moving parts - stimulus, taxes, debt ceiling, tapering. Another piece is the looming supply crunch that we might see in the Treasury market. All of this will influence rates, and the Fed has to be cautious in their communication here.
• Strategas Head of Fixed Income Research Tom Tzitzouris answers a few questions about some of the most timely issues facing the markets.

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