Brief
The Bond Market Is Taking the Fed’s Hawkish Cue
Executive Summary Kevin Warsh’s arrival as Fed chair is reinforcing a more hawkish tone and a deliberate shift toward letting markets take the lead in pricing interest rates. Bond investors appear to
Summary
Executive Summary Kevin Warsh’s arrival as Fed chair is reinforcing a more hawkish tone and a deliberate shift toward letting markets take the lead in pricing interest rates.
Bond investors appear to be accepting that invitation.
Real Treasury yields have climbed to multi-year highs, the yield curve has flattened sharply, overnight index swaps have repriced...
Source
- Connect CREconnectcre.com
