Ep 387. Bank Stock Sell-Offs, Higher Interest Rates, and JetBlue + Spirit Airlines Merger Arbitrage
Focused Compounding
00:00
Inflation Data - Is There a Higher Terminal Rate?
The two-year treasury yield rose about 5% pushing the treasury curve Into deeper inversion territory. The probability of a 50 basis point hike this month has basically been locked in it has surged. It's pretty crazy right like you read about from the 70s time frame Just how hard it is to get inflation down and how entrenched it can become.
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