Daily Archives: September 5, 2013

Real Rates Are Now Actually Positive… Probably Good News Although Still Noodling Exactly How

Sometime in August, inflation-adjusted US Treasury yields actually went positive from the 5 years bond out.  Feels like a positive sign, but still gnawing at the puts and takes.  Seemed worth mentioning regardless. The one unquestioned piece of bad news … Continue reading

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(Part 2) Bernanke a Behavioral Econ Genius? Rate Spike A Stimulus?

More on Bernanke’s seemingly willful effort to talk up long-term rates with his tapering speech this summer?  It seems clear he wanted a steeper yield curve, with longer-term rates up by about 1/3 versus last year.  Two potential explanations: He Wanted … Continue reading

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