Unravelling the yield curve climb
Last week, something happened. The long end of the yield curve began to rise.
Why is this important? Well because it can quickly make borrowing more expensive. This is bad for things like 30-year fixed mortgages and corporate borrowing in the US.
Yes I know, for non-Americans the idea of 30-year fixed mortgages seems ridiculous. As a Brit, the maximum f…
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