FX Street: The 30-year to be auctioned today will be the last this year

“Stephen Jen, managing partner at SLJ Macro in London, maintained that while March 2014 ‘is the most probable date of the first tapering … the second-most probable date is next Wednesday.’” Jen said the Fed claims to be data-dependent, but if that’s true, then next Wednesday it is. “The main reasons for them not to start tapering until March are mostly tactical and psychological. Given the Fed’s track record in mis-managing expectations with their forward guidance, I would not be surprised if the Fed surprised markets, again.”

Read the original article on the ‘FX Street’ website.

Posted on the 12/12/2013 at 1:57pm by joana.