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On Another Note

Rishi Mishra

A chronicle of the whims and fancies of the beast called the Bond Market!

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues9SubscribersRead onanothernote.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

May FOMC: Once More Unto the Breach

JP Morgan took over First Republic this weekend. Depositors didn't lose any money. The cost to FDIC of a fairly large bank falling is estimated to be ~$13bn. A good outcome for everyone. But, it has not laid to rest speculation around - who...

a year ago
7
1

Thoughts on the Week

What a quarter! The role of policymakers, beyond their stated objectives/mandates, is to create a sense of calm so that the private sector can go about its business. This is exactly the opposite of what happened in Q1-2022, and the result w...

2 years ago
17
1

Thoughts on the Week

The net change in US 10y yields or S&P 500 may not indicate this, but a lot happened this week. Markets were expecting the Fed to walk back on the recent pivot in response to the correction in stocks and the BoC to hike rates. None of that ...

2 years ago
7
1

Thoughts on the Week

We began with the US on holiday. Bond futures were offered in the morning, probably because the few that were trading at the time thought Ackman is a credible critic of the Fed's credibility when he said they need to go 50bps in March. Lol....

2 years ago
9
0

Authors

The writers behind this newsletter.

  • Rishi Mishra

    Rates Strategist

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