BLOOMBERG Bloomberg Real Yield July 13, 2024
Of the yield curve. It is incrementally flatter. It has been catching a lot of investors off guard. I think it is there for a long haul. Cycle, weoverall fed would anticipate the fed should steepen somewhat. Youre seeing late micro cycle market cycle behavior. It will keep the short and suppressed, which everyone expects. A market priced for recession, but it is telling you there are no risks whatsoever. That is not a tenable situation. The launchpad controls are in the hands of politicians right now as opposed to Central Banks. If you see these deals go through, you could see a steepener. You...