June 6, 2017
IT'S A DEFLATIONARY EPOCH:
Some Inconvenient Facts for the Fed (Justin Lahart, June 6, 2017, WSJ)
The yield on the 10-year Treasury note on Tuesday slipped to its lowest in more than a half-year - an indication that bond investors have downgraded their growth and inflation expectations.
If facts mattered they'd cut rates. But rates are about psychology.
Posted by Orrin Judd at June 6, 2017 5:21 PM