My blog was always intended to be a journal for me to learn new ideas. This blog is written in the spirit of learning. I believe that learning involves writing and the elimination of mistakes. With that in mind, I begin.
An upward sloping yield curve means that short-term interest rates are going to rise. This is mathematically so if investors have formed expectations of future interest rates correctly. As usual, Wikipedia has a genius explanation that I recommend.
Shalom P. Hamou was a trader in the bond pit for many years. His blog, THE YIELD CURVE often contains serious discussion on interest rates.
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