Posted inUnited States, World

No value in fixed income

After Fed Chairman Jerome Powell’s dovish statement before Congress Wednesday morning, stocks rose slightly and US government bond yields excepting the 30-year maturity fell. Riskless US Treasury bills have paid more than 2-year or 10-year notes since last May, and the gap between the 3-month and 2-year maturity now stands at about 30 basis points. […]

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