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How Term Premium Affects Investors’ Expected Path For Rates
June 26, 2017
The Financial Times – Term premia scramble the Fed’s dot plot there is now plenty of evidence that the term premium at the front end of the bond market may no longer be positive. Since 2001, it appears to have become quite sharply negative. This means that investors’ true expected path for rates is higher… Continue reading How Term Premium Affects Investors’ Expected Path For Rates