Briefings
Week InReview: August 31, 2018
- By: admin
- On: 08/31/2018 10:04:02
- In: 2018 Briefings
Mnuchin 'content' with yield curve, breaks with Trump on Powell
Treasury Secretary Steven Mnuchin said he's "not at all concerned" about the convergence of short- and long-term market interest rates at a time when some investors are worried the flattening yield curve signals a U.S. recession is coming. Having a flat curve is something the Treasury is "perfectly content with," given the government's issuance of long-term debt, he said. Mnuchin also said he doesn't view the curve as a predictor of economic growth. (Bloomberg Markets | Aug 28)
Treasury Secretary Steven Mnuchin said he's "not at all concerned" about the convergence of short- and long-term market interest rates at a time when some investors are worried the flattening yield curve signals a U.S. recession is coming. Having a flat curve is something the Treasury is "perfectly content with," given the government's issuance of long-term debt, he said. Mnuchin also said he doesn't view the curve as a predictor of economic growth. (Bloomberg Markets | Aug 28)
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