Discover and read the best of Twitter Threads about #Fedhikes
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With last week’s backup in #yields, the market is implying that the next three #Fedhikes are now near certainties. 
As such, the BBB corporate yield is now wider than the worst of the 2015-16 industrial recession, illustrating the impact of #Fedtightening on the cost of debt.
While broader #financialconditions are still some ways away from being prohibitive, given the strength of the #economy, corporate yields are effectively the biggest component - worth keeping an eye on.
