Why UBS Economist Is More Focused on Treasury Refunding Than Fed

The transcript discusses the sensitivity around interest rates and the significance of the Treasury refunding announcement, which is expected to be unusual. It covers the Treasury's strategy to manage the yield curve and market concerns about increased issuance and rising yields. The FOMC meeting is highlighted, with debates on inflation and the transition of leadership at the Fed. The impact of rising oil prices on the US economy and inflation is also examined, noting the shift in economic dynamics due to increased US production.

What is the significance of the upcoming Treasury refunding announcement?

How does the changing US fiscal position impact interest rates?

What concerns are raised regarding the potential increase in long-term yields?

How do oil prices affect the US economy according to the discussion?

What factors contribute to the current inflation outlook in the US?