Bond Market’s Warsh Trade Falls Apart as Oil Fans Inflation Risk
Not long ago, the Treasury market thought it had the Kevin Warsh trade figured out: Simply bet on the multiple interest rate cuts that the nominee had been expected to...
By Michael MacKenzie, Ye Xie · Bloomberg Markets
Not long ago, the Treasury market thought it had the Kevin Warsh trade figured out: Simply bet on the multiple interest rate cuts that the nominee had been expected to deliver if he got the job to lead the Federal Reserve.