Fed acknowledges slowing US economy as two vote for an immediate rate cut
While two members voted for a cut, Chair Powell put a hawkish spin on things leaving a September cut as a coin toss
Where's the credit?
The Bund component now accounts for over 80% of credit yields! Is it time to sell credit?
Where now for the US 10yr rate?
We think the US 10yr is now overshooting to the downside, which ultimately implies a reversal ahead; likely to be played out over the coming few months
