FOMC

Everyone seemed to be geered up for Taper last FOMC. It didn't happen. We've had loads of fun with the U.S. financial state of affairs since. All of which pretty much assures there will be no taper this time, or even a great deal of interest in talk of it again this year. So we maybe, could turn our attention to the shorter end of the curve and consider foward guidance and rate hikes.

Here is what the US tens have done since last anouncement.

2 year

Dollar index

 

Not such a simple story in the mini S&P...after a brief spike up it spent sometime grinding lower on shutdown and default fears. Once that can was kicked into 2014 we all celebrated with some buy orders!!!!

 

 

Bunds mighty strong!

 

 

Sep4Sep5Sep6 Euribor vs Eurodollar

Dec5Dec6 Euribor vs Eurodollar

 

 

Good luck