200905.28
7
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Steep Yield Curve

The yield curve is at its steepest on record (via Bloomberg): May 27 (Bloomberg) — The difference in yields between Treasury two- and 10-year notes widened to a record on concern surging sales of U.S. debt will overwhelm the Federal Reserve’s efforts to keep borrowing costs low. The so-called yield curve steepened to 2.75 percentage…

200905.24
1
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Paul Kasriel: The Worst is Over

Northern Trusts’ Director of Economic Research, Paul Kasriel has released his monthly economic outlook: Real GDP contracted at annualized rates of 6.3% and 6.1%, respectively in Q4:2008 and Q1:2009. These rates of contraction would appear to be the largest that are likely to occur before real economic growth commences in Q4:2009. After having contracted in…