Pantheon Macroeconomics - The flattening of the curve in recent months has been substantial, but in our view it is telling us little, if anything, about the outlook for growth. More than anything else, investors in longer Treasuries care about inflation, and the likely path of headline inflation clearly has been lowered by the plunge in oil prices.

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22 Jan. 2015 Should We Be Scared by the Flattening Curve?

By Ian Shepherdson

The flattening of the curve in recent months has been substantial, but in our view it is telling us little, if anything, about the outlook for growth. More than anything else, investors in longer Treasuries care about inflation, and the likely path of headline inflation clearly has been lowered by the plunge in oil prices.

Posted: 22nd Jan 2015 in 'U.S. Documents'

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