Citadel Says Fed’s New Regime Could Stabilize Treasury Long End
Federal Reserve Chairman Kevin Warsh’s commitment to lowering inflation bolsters the Fed’s credibility, supporting long-dated Treasury yields and a lower term-premium, according to Citadel Securities.
By Michael MacKenzie, Greg Ritchie · Bloomberg Markets
Federal Reserve Chairman Kevin Warsh’s commitment to lowering inflation bolsters the Fed’s credibility, supporting long-dated Treasury yields and a lower term-premium, according to Citadel Securities.