One of the positive notes of having a global inflationary spike and consequently higher oficial interests rates is that the amount and number of negative yielding bonds have almost disappeared. Although the process of normalization might be lengthy and painful, little by little we’re getting there. Next step should be getting the yield curve upward sloped and avert a deep recession. #Unemployment, #gdpgrowth and #cpi are key data points for the federal reserve to build the monetary policy playbook for 2023.
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