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November 30, 2017 22:00 GMT
BMO's Ian Lyngen also said "what...>
US TSYS/RESEARCH
- Bonds & Currency News | Market News"
>
- Bonds & Currency News | Market News"
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US TSYS/RESEARCH: BMO's Ian Lyngen also said "what we find so intriguing about
Thursday's optimism is that it's remarkably similar to how we've ended each of
the last several years. There has invariably been some 'event' that signals to
the market that the year ahead will be 'the big one' in terms of breakout
economic growth and inflation."
- He adds that "first, it was the tapering of the Fed's QE, then QE's end, then
the Fed's first rate hike, and most recently Trump's election. Every round of
upbeat outlooks for the year ahead failed to result in reflation or materially
higher yields in the long-end of the curve - although the front-end hasn't
failed to underperform."
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