invest1 publisher
Galbraith reads the global bond rout as a forecast of Fed hikes
James Galbraith says long yields are the current short rate plus the expected path of short rates and very little else, so the bond rout is a hike forecast, and because one-and-done is rare the smallest sequence worth pricing is 50 basis points.
Publishers:nakedcapitalism.com
Reality
- Evidence32
- Adoption
- Insufficient
- Hype gap+28
- Incentives58
- Confidence38