Check out the accompanying pdf and chart collection. (1) Conundrum in the bond market. (2) Powell’s mantra. (3) The future of ZIRP. (4) Japanese yields vs the copper/gold ratio. (5) A second month of base affected CPI gains. (6) Tsunami of liquidity. (7) Banks drowning in deposits, while loan demand is weak. (8) Overnight repos at the Fed. (9) Buddy, can you spare a muni? (10) Tipsy. (11) Taxing jobless benefits. (12) Tug-of-war between the Fed and inflation. (13) Are the Bond Vigilantes dead again already or just taking a siesta? (14) Movie review: “Halston” (+ + +).
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