Those Fed minutes were pretty interesting, as was the continued rate-compression-unwind in the long end.  Here are some of my takeaways from the week: Fed Minutes were more dovish than I was expecting (see the Appendix for the full email I sent out Wednesday). I was expecting something a little more “balanced,” since (employment) growth is strong and inflation is weak.  However, the tone and nuggets were dovish.  In particular, the concern over “patient” implying an “unduly narrow range of dates” implies a longer intended mean time from the removal of “patient” to the first hike.  Of course this may…

This content is for Forum Membership and Basic Trades Newsletter members only.
Log In Register