The higher “USINTR-US10Y” spreads goes the higher screams of Fed cutting you might hear especially when we have the worst Debt/GDP ratio.
by DesmondMilesDant With US jobless claims coming above consensus forecast (228,000 versus 200,000), market concerns are spreading about the speed of the US economic slowdown.And with a pivot from favorable interest rate risk to unfavorable credit risk, bad economic news …