Cardboard Posted May 18, 2016 Share Posted May 18, 2016 Along with higher interest rates on the long end of the curve. What is the explanation? Is it due to the Saudi threat of selling U.S. treasuries and the Senate which voted unanimously yesterday to support the bill? I could understand treasuries dropping in price but, why the banks? With the economy growing barely 0.5%, how is that helpful to have higher yields due to that threat? Seems very short sighted if that is the case. And would they not sell other assets held in the U.S. including large stakes in financial institutions? Cardboard Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now