What the bond market is telling us – in search of the alpha
What the bond market is telling us – in search of the alpha
The bond market presented something new: higher inflation expectations. These inflationary expectations can be derived from calculating the equilibrium yield on the United States and the specific series I am focusing on in this article is the equilibrium yield on the 10-year US Treasury bill. At the market close on December 4, 2020, the breakeven […]
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