Needle Threaded. Now What?

Needle Threaded. Now What?

As always, big-ticket data and/or news headlines have potential energy in terms of their impact on bonds/rates.  For instance, this week’s CPI could have caused a big move higher or lower. Same story with Trump/Powell headlines. Realized impacts of high-potential-energy events can vary quite a bit.  All too often, separate considerations, data line-items, or headlines and subsequent retractions act as offsetting penalties that return the bond…