First Week, Final Act!
Nice work! I totally agree with your idea that the market’s estimation of R* is way too low. I would add that most of the issue is the level of 5y5y OIS. I can’t really argue with 5y5y inflation at ~2.5%.
Nice work! I totally agree with your idea that the market’s estimation of R* is way too low. I would add that most of the issue is the level of 5y5y OIS. I can’t really argue with 5y5y inflation at ~2.5%.