Global Rates Notes: May 2022 Refunding Recap
·Treasury announced across the curve cuts to nominal auction sizes in its May refunding announcement, surprising against our expectation for… »
·Treasury announced across the curve cuts to nominal auction sizes in its May refunding announcement, surprising against our expectation for… »
Minimal impact in the short term, but not helpful In the short term, we expect minimal impact both on demand… »
A new shock to supply We had already seen supply constraints driving high inflation over the past year, fundamentally changing… »