By Sonal Desai, Ph.D. Executive Vice President, Chief Investment Officer, Franklin Templeton Fixed Income
The inversion of the Treasury yield curve has recently gotten a lot of attention in the financial press as being a harbinger of economic malaise ahead. Our Fixed Income CIO Sonal Desai says these conclusions are misguided.
The recent inversion of the US Treasury yield curve has had the financial press in a bit of a frenzy.
I see a glaring contradiction in the fact that so many market participants and commentators emphasize the heightened level of economic uncertainty and at