BID/ASK

TARIFFS AT THE FRONT, TERM AT THE BACK


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THE 30YR HAS BEEN ABOVE 5 FOR THE LONGEST STRETCH SINCE 2007, WITH THE FED 150BP LOWER THAN IT WAS THEN. THAT GAP IS TERM PREMIUM, NOT POLICY. INSIDE: WHY THE FED CANT FIX THE LONG END, HOW IT TRANSMITS TO YOUR AI NAMES, AND WHAT SECTION 301 DOES TO THE INFLATION LEG ON FRIDAY.


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BID/ASKBy Rhaul Nasa