What does the outlook for U.S. Treasury financing mean for the trajectory of dollar interest rates? Data continues to confirm our view, shared with our clients, that U.S. bond yields will remain elevated even after the Fed starts cutting rates. The U.S. Treasury faces a significant budget deficit that needs financing. Regardless...
Liquidity Panic is Unwarranted The Central Bank Has Absolute Control Over the Turkish Lira Since July 2023, the Central Bank of the Republic of Turkey (CBRT) has been gradually normalizing its monetary policy in line with economic theory, widely accepted market practices, and the requirements of central banking. It was a wise...
5 Mayıs 2024 Although attempts by states to assert authority over currency can be traced back to the 3rd millennium BCE in ancient civilizations like Egypt and Sumer, the history of modern central banking dates back to the late 17th century. The oldest central bank is considered to be the Swedish...
27 Eylül 2018 The FOMC raised the funding interest rate by the expected 25 basis points to the range of 2-2.25%, reaching the highest level since the onset of the Global Crisis associated with the collapse of Lehman Brothers in October 2008. For the first time, the expected real interest rate...
