JPMorgan pours $130bn of excess cash into bonds in major shift… “The bank acting like the [next] recession is here — everything the bank is doing points that way”

JPMorgan pours $130bn of excess cash into bonds in major shift https://t.co/OsMg6cC5h5 "The bank acting like the [next] recession is here — everything the bank is doing points that way”. Got to agree with this assessment.

— Danielle DiMartino (@DiMartinoBooth) November 4, 2019

Here is what’s going on with the yield curve

Bond markets are not convinced that the Federal Reserve has done enoughhttps://t.co/zZNR6AlEyN via @FT #Bonds #yieldcurve #leveragedloan #leveragedloan #equity #loan @ennovance pic.twitter.com/nZNAbZjeWZ

— Mo Hossain (@MoHossain) November 3, 2019