Interest Rates Have Doubled: Beginning of the End of Central Bank Intervention?
BY HERB MORGAN, EFFICIENT MARKET ADVISORS
With most financial talk today centered on the resiliency of global equity markets it’s worth noting that commercially important interest rates have more than doubled in a short period of time. Research and commentary of late seems keenly focused on the inability of 10-year US Treasury yields and other bond rates to drift higher. Pundits wonder if this is related to an impending recession. It seems central bank liquidity from Fed reinvestment, along with BOJ & ECB purchases is finding its way into the US financial markets sending signals that in past cycles surely would have predicted an economic slowdown.. Continue Reading Here