Cheap Convexity

Cheap Convexity

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Cheap Convexity
Cheap Convexity
EM won't Fear Taper this Time Around

EM won't Fear Taper this Time Around

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Jon Turek
May 26, 2021
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Cheap Convexity
Cheap Convexity
EM won't Fear Taper this Time Around
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Last week we discussed the idea that a taper of QE in the U.S. may actually be turning into a dovish catalyst. The reason being is, the market has already accepted the idea that a taper is inevitable at some point. The economy is going to reach “substantial further progress” at some point this year – it’s not exactly a secret. Even the Fed’s estimates a…

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