Buy the Bond Blow-Up?

TS Lombard argues the bond sell-off isn't a buying opportunity yet, since AI capex is inflationary near-term and more Fed hikes loom.

• Fed hike confirmed: TS Lombard's Dario Perkins and Freya Beamish reiterate their long-held call (first made Q4 last year, reaffirmed June and August) that the Fed would hike 25bps in September, and it happened.
• Warsh rehabilitated: Perkins says Kevin Warsh has "restored" Fed credibility by hiking despite midterm-election pressure, joking commentators now compare him to Volcker after "just 25 basis points."

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.