Where Oh Where Has My Yield Curve Gone? Oh where oh where can it be?
a) Flattish, under a rock
b) Ready to spike
c) Creeps up, inch by inch
If you answered (a) skip this column. Respondents (b) and (c) read on.
After lackluster performance last year, regional banks have been leading the financial sector higher for most of this year. This space has been a solid player as a strong dollar and global growth concerns compelled investors to look for U.S....
By Jeffrey P. Snider,
Alhambra Investment Partners
The emphasis of QE in terms of “portfolio effects” and interest rate “stimulus” is to visit upon the entire curve what monetary policy has done in the past in only the shorter...