Giuliano Giacaglia 🌲
@giu
Two charts to watch for the next few quarters. First, consumers had excess savings that are being depleted. The other part of the story is that global bond yields are at the highest levels since 2009.
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Giuliano Giacaglia 🌲
@giu
Sources: [1]: SF Fed: https://www.frbsf.org/our-district/about/sf-fed-blog/excess-no-more-dwindling-pandemic-savings/ [2]: Bloomberg: https://www.bloomberg.com/news/articles/2023-08-17/global-yields-march-to-15-year-highs-even-as-investors-pile-in?utm_source=website&utm_medium=share&utm_campaign=twitter
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