James Sarni
James Sarni
environment low widening yield
What will keep swap spreads from widening dramatically is that we are still in (a relatively) low yield environment.
funds higher rate surprise
It wouldn't surprise me if we get to 4 3/4 percent, but it would surprise me to see the funds rate go higher than that.
There is some vulnerability for swap spreads to widen.
certainly tone
There certainly was a different tone this week.