“Financial Stress” in the Credit Markets v. the 2-Year Yield
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The two-year yield, now surging, is a leading indicator. The Financial Stress Index, released weekly by the St. Louis Fed, is designed to track financial conditions that companies face in the markets. It reached record lows in November – meaning that there was extraordinarily little “financial stress” in the markets after … Read more