Curves Cannot Invert Now, But They Can Still Speak

By |2014-07-16T12:23:11-04:00July 16th, 2014|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Now that Janet Yellen is back in the spotlight trying to convince the world that everything is good and nearly normal, credit markets continue to persist in another frame of reference. The good Chairman might be herself convinced (though I have doubts about what she really thinks) of what she determines as a the “central tendency”, but past central tendency [...]