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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.
By Rhaul NasaTHE 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.