Cross-asset strategy: Almost irrespective of macro tremors like the Texas energy shock, Bonds continue to telegraph confidence in the economy and skepticism of Fed guidance. That’s unsurprising given a Fed/fiscal experiment with a Yellen Treasury slogan (“go big”) to rival a Yellen Fed slogan from 2016 (“high-pressure economy”). It seems premature to fret about an inflation overshoot when +2% core…
![](https://www.finomgroup.com/wp-content/uploads/2021/02/Screen-Shot-2021-02-23-at-4.59.44-AM.png)