Friday, August 14, 2015

8/14/15 Investor sentiment deteriorates

I think credit spreads are the best indication of investor sentiment.  The spreads were a lot worse 3 years ago.  But they are widening and are at where they were before the great recession.  The financial situation appears fine.  2 year swap rates are not elevated.  The 10-2 yield curve is steep.  Economic conditions have not deteriorated enough to be very concerned but enough to monitor frequently.



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