- The government is beginning a long-awaited transition toward issuing more longer-term debt to pay for last year’s federal tax cut
- There is little correlation between deficits and yields, but this shift might steepen the yield curve and postpone its inversion, allowing the credit-led bull market to persist longer than most investors think
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.