Summary:
One of my long-running sources of rants is the inability of economics and financial commentators to come to grips with the basics of Treasury valuation. Rate expectations is a relatively simple concept that is the core of all modern fixed income pricing frameworks. Hellfire, it’s even embedded into DSGE models. Nevertheless, academics and other sophisticated commentators keep attempting to put lipstick on the pigs that are alternative explanations for the secular decline in Treasury yields....Bond Economics Expectations Explain The Secular Collapse In Treasury Yields. Deal With It.Brian Romanchukhttp://www.bondeconomics.com/2022/01/expectations-explain-secular-collapse.html
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
One of my long-running sources of rants is the inability of economics and financial commentators to come to grips with the basics of Treasury valuation. Rate expectations is a relatively simple concept that is the core of all modern fixed income pricing frameworks. Hellfire, it’s even embedded into DSGE models. Nevertheless, academics and other sophisticated commentators keep attempting to put lipstick on the pigs that are alternative explanations for the secular decline in Treasury yields....Bond Economics Expectations Explain The Secular Collapse In Treasury Yields. Deal With It.Brian Romanchukhttp://www.bondeconomics.com/2022/01/expectations-explain-secular-collapse.html
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Alienation And Commodity Fetishism
Robert Skidelsky writes Letter: The reason Keynes argued for an active fiscal policy
Robert Skidelsky writes Interview with Martin Burckhardt
Stavros Mavroudeas writes Το ψηφοδέλτιο της ΑΝΤΑΡΣΥΑ-Ανατρεπτική Συνεργασία στις ευρωεκλογές
One of my long-running sources of rants is the inability of economics and financial commentators to come to grips with the basics of Treasury valuation. Rate expectations is a relatively simple concept that is the core of all modern fixed income pricing frameworks. Hellfire, it’s even embedded into DSGE models. Nevertheless, academics and other sophisticated commentators keep attempting to put lipstick on the pigs that are alternative explanations for the secular decline in Treasury yields....
Bond Economics
Expectations Explain The Secular Collapse In Treasury Yields. Deal With It.
Brian Romanchuk
Expectations Explain The Secular Collapse In Treasury Yields. Deal With It.
Brian Romanchuk
http://www.bondeconomics.com/2022/01/expectations-explain-secular-collapse.html