Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California.
This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
Monday, August 01, 2011
Yet another reason to never pay attention to interest rate forecasts
Yields--especially long-term yields--were supposed to rise on news of a debt ceiling deal; at least that is what I read would happen.
Bloomberg's end-of day yield curve, along with changes in yields for the day, is above. Oh well.
The debt deal is approved but the market and the country in general are not confident of the future. Everybody sees gloomy economic outlook ahead. :(
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