Is Powell Going To Twist?
All eyes on Powell today, things are getting interesting in the treasury market...
OK boomer, since when do things get interesting in bonds?
Alright, I'm not going to oversell it, and I'll try and keep it to the bits (I think) I understand...
The usual narratives about yield curve control, operation twist are doing the rounds, but the focus among bond traders is seemingly far more granular.
Explainer via Reuters:
Fixed-income markets wary of Fed decision on bank capital relief
Fears about a rule called the supplementary leverage ratio, or SLR, come as fixed income markets have become
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