Q3 2025 Management View Shruti Singhal, President and CEO, reported "another quarter that exceeded our expectations with ...
As explained in Prof. Robert Jarrow's book cited below, forward rates contain a risk premium above and beyond the market's expectations for the 3-month forward rate. We document the size of that risk ...
Over the last week, Treasury yields were up 0.16% at 2 years and up 0.17% at 10 years over the last week. As a result, the current 2-year/10-year Treasury spread was up 0.01% at 0.14%. The negative ...