Mark Dowding, Chief Information Officer of Blue Bay, said in a report on November 1st that there is a risk of excessive fiscal spending after the upcoming presidential election, which could lead to a steepening of the US Treasury yield curve. 'We see that regardless of the election outcome, fiscal policy management is based on extravagance,' he said. He added that over time, this is expected to result in a significant increase in term premiums - investors seeking to hold long-term bonds rather than short-term bonds. When the yield curve steepens, the gap between short-term and long-term bond yields widens.
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Instituições: A curva de rendimento dos Treasuries dos EUA é esperada para se tornar mais íngreme após as eleições
Mark Dowding, Chief Information Officer of Blue Bay, said in a report on November 1st that there is a risk of excessive fiscal spending after the upcoming presidential election, which could lead to a steepening of the US Treasury yield curve. 'We see that regardless of the election outcome, fiscal policy management is based on extravagance,' he said. He added that over time, this is expected to result in a significant increase in term premiums - investors seeking to hold long-term bonds rather than short-term bonds. When the yield curve steepens, the gap between short-term and long-term bond yields widens.