"A lot of people had much higher expectations of what the Fed was going to do. Their rolling over their MBS into Treasuries won't do much and the statement confirmed the weakening picture of the economy."

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

"A lot of people had much higher expectations of what the Fed was going to do. Their rolling over their MBS into Treasuries won't do much and the statement confirmed the weakening picture of the economy."

--Michael Reiner, managing director and credit strategist at Société Générale, on last week's U.S. Federal Reserve Bank announcement that led hedge funds to short in CDS.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts

Related articles

Gift this article