Chart of the Week
U.S. Economy: More QE on the Way?
The chart shows, from 12/31/02-9/30/19, the balance sheets (as a % of GDP) of the U.S. Federal Reserve, European Central Bank and Bank of Japan.
Mid Week Bond Update
Fed Rate Cuts: Two More in 2019?
Even after the most recent cut by the FOMC, markets are pricing in another two rate reductions by the end of 2019.
Constructive despite deferment
Despite a temporary inclusion setback, China bonds look to continue its rise driven by a dovish Fed, a stable currency and yield premium.