Sunday, July 17, 2016

Brian Romanchuk — The Yield Curve And The Cycle

The slope of the yield curve is a topic of wide interest in bond market economics. It can be viewed as an economic indicator, or an instrument to be traded. Within this report, the focus is on how and why yield curve slopes act as economic indicators. The advent of ultra-low interest rates has made some interpretations of the yield curve untenable, but the yield curve is still useful as an indicator. (This article is an excerpt from Interest Rate Cycles: An Introduction.)
Bond Economics
The Yield Curve And The Cycle
Brian Romanchuk

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