Jul

Forget the Yield Curve. The Debt-Market Action Is in Fed Funds

Faster balance-sheet unwind adds to pressure on key rate
Bill-supply surge to challenge FOMC’s monetary-policy control

With all the focus on the shape of the U.S. yield curve recently, fixed-income traders could be forgiven for not concentrating so much on the growing tumult in the fed funds rate…

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Forget the Yield Curve. The Debt-Market Action Is in Fed Funds

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