The curve steepened a lot over the 10 months, as you can see with my arrows showing how the short end dropped. More recently the curve has caved in the middle, which brings me to the subject of ...

Bonds are finally showing a bit of reflexivity, and FX markets look like they’re settling into a pre-Easter lull. EURUSD is still trading with that classic buy-the-dip muscle memory — but let’s be ...

Markets kicked off the week on a positive note on relief regarding the consumer electronics tariffs – that will not be exempt but will be part of a different ‘tariff bucket’ (20% instead of 145% for ...