Brief
Let’s Do the “Mini” Twist
Executive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded pos
Summary
Executive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded positions with a durable change in the interest rate outlook.
The action can reduce the amount of duration the private market must absorb at the margin.
In that...
Source
- Connect CREconnectcre.com
