Yesterday, I discussed Putting the Reflation Rally in Context. Jeffrey Snider of Alhambra adds some more color to the bearish case in Bond Kings and the Future(s). Despite all the optimism about rising rates, futures show the market less bullish on rates at the peak in late 2016 than they were back in 2014, and the analog continues this fading echo.
Can the US Legally Seize Russian Assets? Should It?
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Congress’s aid package encourages the president to seize frozen Russian
reserves to support Ukraine. But the legality and desirability are both
questionable.
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