My Most Important Warning To Dividend Investors For 2026
2026-01-03 07:30:00 ET
Introduction
With a steep yield curve, governments are issuing more short?dated paper to minimize debt?servicing costs. As a result, the average maturity of the sovereign bond index is declining rapidly [...].
The consequence is that monetary and fiscal policy have become more tightly linked, because a lower maturity makes government interest expenses more sensitive to central bank rate decisions.
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