SPE - The Bond Markets Issue A Warning
"It is what you don't expect... that most needs looking for." - Neal Stephenson, Anthem
The main issue here is will credit get cut off because of the inversion?
A year ago, six months ago, there were all kinds of headlines and stories that we were heading for a 10-year Treasury yield of 4.00% or even higher. Then there were the stories about how much better the banks would do, because of rising yields. The Fed was banging the drum and virtually everyone was on the bandwagon for the ride. The Fed's Governors proclaimed that