BLOOMBERG Bloomberg Real Yield November 18, 2017
End of the curve. I dont think it is that problematic, but it is telling us there are different players in different parts of the yield curve. It is not just the shape of the u. S. Curve. It is the differentials with other curves as well. Thats a testament to the influence of other Central Banks besides the fed. The rest of the world is still printing money. Ecb, bank of japan. The ecb promised they will do that until september of next year. It is hurting duration and credit risks. Those two things ultimately end up in the u. S. , and that is a very important driver. One of the weirdest things...