Report
Are US long-term rates at fair value?
In the two years that long-term rates have been rising, there has been no shortage of explanatory “theories”: the inflation shock, the increase in Fed rates, the implementation of QT, the prevalence of a soft landing scenario over a recession scenario, deepening deficits, the dysfunction of the budgetary process, even, though this is more fanciful, the withdrawal of foreign (Chinese) investors. After the most recent Fed meeting, the bond market seems to have at last factored in w...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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