Nomura: When Does The Fed “Blink”?
September 30, 2022 at 14:15 PM EDT
The velocity of “things breaking” around the world (Yen, Yuan, Euro, Sterling, SONIA, Gilts, MBS, Lev Loan deals, the entirety of the UK LDI / Pension complex) is obviously a “neon swan” telling us that we are clearly now in the “market accident” stage from the tightening surge. And, as Nomura’s Charlie McElligott notes, let’s be fair…all […] Source