Market Insight: Central bankers turn deaf ear on balance sheets – FT.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"John Plender at FT observes: The sheer size of the move in US Treasuries is striking. From the beginning of May to the end of last week, yields on the 30-year Treasury bond rose by nearly 40 basis points while the 10-year yield rose around 30bp. That is a measure of the market\u2019s sensitivity to … <\/p>\n
Continue reading “Market Insight: Central bankers turn deaf ear on balance sheets – FT.com”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,6,33,34],"tags":[3482,3567],"class_list":["post-7777","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-fixed-income","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-treasury-yields","tag-us-treasuries"],"yoast_head":"\nMarket Insight: Central bankers turn deaf ear on balance sheets - FT.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Insight: Central bankers turn deaf ear on balance sheets - FT.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"John Plender at FT observes: The sheer size of the move in US Treasuries is striking. 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This chart from Lyn Alden neatly explains present Gold weakness: A rally in real interest rates over the last few months caused a correction in Gold. How long will this last?\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23975,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/02\/06\/does-gold-warn-of-another-taper-tantrum\/","url_meta":{"origin":7777,"position":1},"title":"Does Gold warn of another “taper tantrum”?","author":"Colin Twiggs","date":"February 6, 2021","format":false,"excerpt":"Gold is diverging from the inverted (x-1) 10-Year TIPS yield below. Negative yields remain strong at -1.02% while Gold weakened to $1786\/ounce. A similar divergence in 2012\/13 preceded a sharp rise in TIPS yields (shown as a fall on the inverted scale below). TIPS yields rose sharply, from May to\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24841,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/03\/27\/decline-of-the-us-dollar\/","url_meta":{"origin":7777,"position":2},"title":"Decline of the US Dollar","author":"Colin Twiggs","date":"March 27, 2021","format":false,"excerpt":"In 1971 Richard Nixon took the US Dollar off the gold standard, creating the first reserve currency based on fiat. He had no choice. After LBJ's big-spending guns and butter program of the '60s, the US did not have enough gold reserves to cover its foreign debt. So the US\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60444,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/01\/18\/the-long-game-dollar-gold-and-us-treasuries\/","url_meta":{"origin":7777,"position":3},"title":"The long game: The Dollar, Gold and US Treasuries","author":"Colin Twiggs","date":"January 18, 2025","format":false,"excerpt":"In the short term, the Fed and US Treasury manipulate the Dollar and US Treasury yields in an attempt to stimulate the economy while avoiding inflation. Foreign central banks also attempt to manipulate the Dollar to gain a trade advantage, which impacts the Treasury market. However, in the long term,\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"CPI & Energy CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-cpi-energy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-cpi-energy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-cpi-energy.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":18037,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/03\/23\/sp-500-treasuries-warn-of-a-bear-market\/","url_meta":{"origin":7777,"position":4},"title":"S&P 500: Treasuries warn of a bear market","author":"Colin Twiggs","date":"March 23, 2019","format":false,"excerpt":"10-Year Treasury yields plunged Friday, to close at 2.45%, warning of a decline to test primary support at 2.0%. The yield curve is now likely to turn negative. The 10-Year\/2-Year yield differential has already fallen to 0.13%. Below zero signals a negative yield curve, a reliable predictor of oncoming recession\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40679,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/02\/01\/gold-rises-on-central-bank-purchases\/","url_meta":{"origin":7777,"position":5},"title":"Gold Rises on Central Bank Purchases","author":"Colin Twiggs","date":"February 1, 2023","format":false,"excerpt":"Demand for gold is rising, reaching 1,337 tonnes in the fourth quarter of 2022. The primary reason is an uplift in central bank purchases, exceeding 400 tonnes in each of the last two quarters. Economist Daniel Lacalle attributes the increase to central banks moving to protect their balance sheets from\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"Gold: Central Bank Purchases","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-31-gold-cb.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-31-gold-cb.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-31-gold-cb.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7777"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7777\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}