A robust economic recovery associated with the U.S. economy's spring reopening is on a “collision course" with community spread of COVID-19. This wasn't something we expected to happen until after the start of the “new" academic school year and in the days and weeks leading up to the November election. Interest rate and economic forecasts based on these assumptions are clearly at risk. What is an investor to do?
In this episode MUFG Rates Strategist, John Herrmann, evaluates recent developments against his core strategic investment stance of a 2s-30s yield curve steepener.
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