"Mexico surprises economists with its biggest rate hike in nearly 5 years"
Mexico surprises economists with its biggest rate hike in nearly 5 years https://t.co/QMjBdSgWGu
— Bloomberg Economics (@economics) December 17, 2021
by Robin Brooks
"The Achilles heel of any Fed tightening cycle is financial dominance. Real 10-year yield is up from -1.1% end-2021 to -0.7% now, i.e. still very negative (orange). But S&P 500 at one point yesterday was down over 10% year-to-date (white). Does the Fed have the stomach for this?"
@chart
"Yields on 10-year Treasuries have climbed to the highest since January 2020."
"Treasury Selloff Lifts Long-Dated Yields for Second Straight Day"
IPCA-15 kept high in November, reaching 1.17 % in November (vs 1.2% in October). The index rose to 10.73 % (YoY), the highest since feb-2015. Known as the Inflation preview, IPCA-15 measures the same basket of IPCA, but from day 15 of the previous month to the day 15
