Friday, August 27, 2021

Fed chair speech at Jackson hole

inflation is temporary

no rate hike in near future

but reduction in securities purchase (aka taper) is on the table at year end.

Gold rises after Jackson hole.

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30Y treas auction rates above 5p

Last it happend was in Aug 2007 - about 20Y ago and a market peak which broght the real estate and financial crisis..!