What does the T-bill see that the ‘inflation expectations’ ETF does not?

The T-bill yield continues to ramp upward as inflation expectations pull back

The 3 month T-bill yield (green) had been one of our guides demanding that the Fed get its ass in gear and get on the rate hike regimen it is now on. Evidently, it still is demanding. Quite demanding, actually.

Yet the ETF that tries to represent inflation expectations is in full retreat along with the the inflation trades (commodities, resources, etc.) and to a degree, Treasury yields across most durations.

And with CPI coming up tomorrow throw that into the blender and try to make sense of it all. Good luck!

t-bill yields and inflation expectations

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options and more info. Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter@NFTRHgt.

Testimonials