Flatter US yield curve may not herald a new crisis – San Francisco Fed

yield curve 2

The flatter yield curve in the US may fail to herald a new crisis, despite its reliability in indicating previous recessions due in part to the effects of the Federal Reserve bond-buying programme.

In Information in the Yield Curve about Future Recessions, Michael Bauer and Thomas Mertens, research advisers at the San Francisco Fed, acknowledge the difference between 10-year and three-month yields has historically been a useful indicator to foresee crises.

However, they do not think its recent

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Launching the Asian bond

Despite huge demands for bonds, Asia's debt markets remain nationally focused. Anthony Rowley reports from Tokyo on central-bank led initiatives to launch two Asian bond funds.

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