RIDING INFLATION FROM THE LONG SIDE
The 'tourist explains why this is like the post-1982 period in reverse
Today’s post will explore the different tenors of inflation swaps and breakevens. Specifically, we will examine what drives different maturities.
However, before we get to inflation, I thought it would be useful to review bond behaviour.
We all understand that when the Federal Reserve raises rates, it doesn’t necessarily mean than longer duration fixed-i…