Long-term rates are below the federal fund rate. That tells you the Fed’s too tight. The reason the 30-year Treasury is so low is because people are expecting an economic slowdown, and that’s not going to be good for earnings.
Long-term rates are below the federal fund rate. That tells you the Fed’s too tight. The reason the 30-year Treasury is so low is because people are expecting an economic slowdown, and that’s not going to be good for earnings.
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