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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

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Bailey asked how rate hikes will be used alongside balance sheet reduction and whether balance sheet reduction will slow rate hikes.

  • Bailey said he "pushes back" on view that interest rates are not the active tool and that interest rates are the primary tool. In terms of not reinvesting, that means the process is gradual and predictable. Say it is "very improtant that we use our tools countercyclically...not least because we expect the equilibrium rate to remain low"