This is exactly why the Fed is attempting to cut rates while inflation remains high, but with the 10yr and longer duration rates now wanting to price in future inflation, rather than following short dated rates lower, it’s all a bit harder than 10 years ago…
This is exactly why the Fed is attempting to cut rates while inflation remains high, but with the 10yr and longer duration rates now wanting to price in future inflation, rather than following short dated rates lower, it’s all a bit harder than 10 years ago…
spot on