Bond Outlook [by bridport & cie, February 22nd 2006]
This week, we shall consider the reaction of different groups of market participants to the current shape of the yield curve and the expectations for both the USD and EUR curves. |
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The flat US yield curve, with full inversion expected as the Fed goes up from 4½% to 4¾% in March, and very likely 5% or higher thereafter, presents investors with a dilemma, but of a different nature for private investors, institutional investors and central banks. |
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