13 January 2021
4 min read
The Great Yield EXPLOSION
OK, maybe it's not an explosion, but you might have noticed longer-dated yields going up a little this year...
We're seeing a definite bear steepening in the overall curve...
Many (including me) were expecting Fed officials to push back against rising yields in case they caused a tightening of financial conditions which would hinder the recovery.
That hasn't been the case.
Financial conditions remain loose...
Fed sees 'strong capital levels' at banks after stress tests, greenlights share buybacks
The December stress test
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