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Tiresome QE III and bond rates update

…what it can achieve via forward guidance. Abstract models consider the case of no precommitment and total precommitment forever. But they are depending on the current FOMC signalling what future…

What IR can learn from the NHL

…lose a large (and increasing) portion of $70 billion faces a scenario where extending his time in office may well appear too costly. (There is the added signalling benefit of…

The Fed Goes to Five

…be interpreted as signalling the end of certainty regarding further future interest rate hikes. Put another way, while the FOMC could still raise rates a bit higher, I think that…