For the first time since the Great Financial Crash of 2008 it is cheaper for the UK and US governments to borrow over the longer term – say ten years from now – than in the short term.
Inverted yield curves may have had their day
For the first time since the Great Financial Crash of 2008 it is cheaper for the UK and US governments to borrow over the longer term – say ten years from now – than in the short term.