Our Take on the Bond Market in 2000
Part 3: How is Reduced Supply Affecting the Bond Market?
For all the talk of Treasury buybacks and budget surpluses, nominal GDP is much more important in setting the “fair value” of interest rates than the supply situation.
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Commentaries — April 13, 2000
Our Take on the Bond Market in 2000 Part 3: How is Reduced Supply Affecting the Bond Market? For all the talk of Treasury buybacks and budget surpluses, nominal GDP is much more important in setting the “fair value” of interest rates than the supply situation.