A trader works on the floor of the New York Stock Exchange on September 16. The Dow was down over 130 points as investors reacted to a weekend drone attack on a Saudi oil field and a United Auto Workers strike at General Motors. Photo: Getty Images/AFP
Christopher Smart
Opinion

Opinion

Macroscope by Christopher Smart

For investors watching the US Treasury yield curve, it’s OK to be cowardly – debt issuance isn’t going anywhere

  • There are three scenarios investors can take – one optimistic, one dark and one ‘cowardly’, in which rates hover around 1.5 per cent
  • For the time being, companies look comfortable taking on debt, which means the latter option is still the best bet

TOP PICKS

A trader works on the floor of the New York Stock Exchange on September 16. The Dow was down over 130 points as investors reacted to a weekend drone attack on a Saudi oil field and a United Auto Workers strike at General Motors. Photo: Getty Images/AFP
READ FULL ARTICLE