Definition, adjective – Optimistic or positive, especially in an apparently bad or difficult situation. “He is sanguine about prospects for the global economy”

European Central Bank (ECB) hiked rates 50bp this morning. Stocks dropped but have recovered for the most part. What will the Feds do March 22nd. Do nothing or explain the hike is the last for a long time.

Remember our inverted curve; the 2y bond has been outperforming the 10y. this is not normal. we are seeing a “de-inversion” on the horizon indicating a start to the recession.

This is very good news for rates. We have seen a demonstrable change in rates over the last week and expect that trend to continue.

It’s Thursday but sure feels like it’s been a month. Have a great rest of your week and always feel free to reach out.