Bad News: Cost of Money Going Higher
Libor making fresh cycle highs again pic.twitter.com/XastpX2qBh — Alastair (@StockBoardAsset) November 4, 2018 Bad news for US debt markets: EU & JPN cost to hedge dxy- denominated assets hit 2018 high; a jump in hedging costs for foreign buyers tends to suppress foreign demand in treasury auctions, at time when Trump admin about to run … Read more