Global Liquidity Latest: The Invisible Taper?

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Global Liquidity Latest: The Invisible Taper?

 

·                The US Fed, the ECB and the People’s Bank of China are all now tightening, with the ECB seeming to be the most advanced despite the recent fake-pleas from ECB President Lagarde that they are not ‘tapering’

 

·                Likely that upward inflation surprises will be met by a more aggressive Fed stance than is widely expected. This response would reinforce the downward track of Global Liquidity and likely support nominal 10-year Treasury yields in a 1-1½% band

 

 

 

 

See our latest published research, Global Liquidity Latest – September 2021

 

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