And then the Bank of England’s Carney announced that they have to remove stimulus as well.
The 10 year UK sovereign debt saw a jump in its yield.
And the Great Britain pound soared on the news.
The UK sovereign curve (in pounds) is actually declining in yield after the 25 year tenor. I show the German and French sov curves (in Euros) for comparison.
The US Fed is likely to leave the Fed Funds target rate unchanged at the FOMC’s July meeting, but let’s see if they further discuss withdrawal of Fed asset purchases.
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