ECB To Loosen Rules On QE In Bid To Keep The Kool-Aid Flowing
The British pound wasn’t the only thing stirring in FX markets on Thursday. Have a look at the EUR: Ok, so we know what happened at 11 am ET. As we detailed earlier, that was Bank of England governor Mark Carney telling everyone what they already knew - policy easing from the BoE is on…
Are You For Real? Enjoy The Rally, But Remain Incredulous
First thing’s first. Here’s the only chart you need to make sense of the two-day risk-on move (i.e. the rally): You’ll likely see several versions of that throughout the rest of the day assuming equities hang on to outsized gains. Basically, Treasurys aren’t buying what stocks err … aren’t selling. Ok, that’s a confused attempt…