Macro scenarios update and curve reviews post Fed’s first hike: The MUFG Global Markets Podcast

In today’s episode, MUFG Head of U.S. Macro Strategy George Goncalves reviews his recently published macro thematic report on our latest views for the U.S. outlook in the next 18 months as well as a review of markets in and out of the first hike in this cycle. George feels that the rates market is operating to a “back to the future” tightening cycle that has fast-forwarded all the Fed hikes into and out of the Fed’s first move. This has led to a cascading of curve flattening (with a number of curve spreads going inverted in the process) as the market is skeptical the Fed will get far.

Disclaimer: www.mufgresearch.com (PDF)