Cheap Convexity

Cheap Convexity

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Cheap Convexity
Cheap Convexity
The Bond Market is Now Short Powell

The Bond Market is Now Short Powell

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Jon Turek
Jul 16, 2021
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Cheap Convexity
Cheap Convexity
The Bond Market is Now Short Powell
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There are two key divisions developing on the FOMC. One is between Board and regional bank presidents, which we know. The staff says inflation is transitory, but the regional bank presidents and their business contacts say that price pressures/labor scarcity are a big problem. But the second division is intra Board, and the debate boils down to, FAIT th…

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