Appreciate your writings and the food for thought you have posed in this week's post.
Will the US and UK CBs start practicing yield curve control? I never actively considered this possibility.
And your observations on the hydrocarbon corridors in the high seas...very interesting and deserves some pondering re: it's implications to India's economy in particular.
Thank you for the comment! Yes, I expect the US, UK, and Canada to implement yield curve control and that some degree of coordination will take place. The standing repo and reverse repo facilities are the infrastructure needed to implement YCC so it's just a matter of doing.
Appreciate your writings and the food for thought you have posed in this week's post.
Will the US and UK CBs start practicing yield curve control? I never actively considered this possibility.
And your observations on the hydrocarbon corridors in the high seas...very interesting and deserves some pondering re: it's implications to India's economy in particular.
Cheers!
Thank you for the comment! Yes, I expect the US, UK, and Canada to implement yield curve control and that some degree of coordination will take place. The standing repo and reverse repo facilities are the infrastructure needed to implement YCC so it's just a matter of doing.
This piece discusses the topic at length:
https://open.substack.com/pub/capitalistpigcollective/p/the-fed-and-ycc-in-everything-but?r=1928zm&utm_campaign=post&utm_medium=web
I enjoy your market updates very much as well.