Steve Hou says Treasury issuance can move bond yields via term premiums, with renewed attention to his research often coinciding with bond-market stress. He notes the U.S. debt-to-GDP ratio is about double 1990s levels, sharpening fiscal concerns.
published
Steve Hou says Treasury issuance can move bond yields via term premiums, with renewed attention to his research often coinciding with bond-market stress. He notes the U.S. debt-to-GDP ratio is about double 1990s levels, sharpening fiscal concerns.
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