Michael Thomas
Michael Thomas
American midfielder who began his MLS career with Sporting Kansas City in 2012.
ProfessionSoccer Player
Date of Birth8 March 1988
brought buying economy far fed hard justify raise rates report strength until yields
The Medley report brought down expectations of how far the Fed will go, but we think there's enough strength in the economy for the Fed to raise rates right until May. Yields have to go higher. It's hard to justify buying Treasuries.
higher likely looks low market means note pay price ratio willing yield
It looks like the two-year note will also have a low ratio because the market is not willing to pay a higher price for the new supply. It means the yield will likely be higher going into the auction.
bonds fears foot inflation stay
Inflation fears are still around. Bonds will be on the back foot and stay under pressure.
economy elevated events global overseas recent risk top
Recent events overseas have probably elevated the global economy to the top of the RBA's risk list,
bank chance cutting good hire means next rates reserve year
You can write off the chance of the Reserve Bank cutting rates this year and well into next year. Good profitability means you can hire people.
bank early hurricane impact neutral
However, it is too early for the bank to know just how big the impact of the hurricane will be and, hence, too early for them to reconsider their neutral stance.
attractive australian bit dollar gut instinct interest less lower overseas rate slowly
My gut instinct is that the Australian dollar will wobble a bit lower from here. The interest rate differential is slowly being eroded. The Australian dollar is now less attractive to overseas investors.
attractive basis chasing fed grow higher investing investment people putting rates short whether
With everyone chasing yield, if that inversion does grow to 10 or 20 basis points, people will have to reconsider whether they should be investing in the long end or back at the short end, where they can get a higher rate. With the Fed putting rates up at the short end, that's going to be attractive to people with a short-term investment horizon.
help needs
We will help Philadelphia where Philadelphia needs it most.