Yield inversion
This week?s Federal Reserve meeting minutes pushed investors toward thinking once again that interest rate hikes are coming sooner rather than later. The Fed minutes showed a group almost itching to push rates higher as long as economic data holds up. That shift in tone sent market interest rates upward somewhat and brought out all kinds of analysis of what might be coming in terms of yields/rates. The real fear of investors is that the yield curve will “invert” with short-term rates moving higher than longer-term rates. (more…)