Tomorrow, it is widely expected that the FOMC will vote for another 25 bps “rate hike.” The long end of the UST curve is already just as unenthused as ever, while the short end expects higher yields on money substitutes. The result is the very familiar collapse in the yield curve, one that like both…
The post The Real Basis For These ‘Rate Hikes’ was originally published at The Wall Street Examiner. Follow the money!