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How Transitory is Transitory?

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How Transitory is Transitory?

Edward Harrison
May 26, 2021
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How Transitory is Transitory?

pro.creditwritedowns.com

The interplay between a central bank's forward guidance and market expectations are where the rubber hits the road on long-term interest rates. It's not as easy as divining what a central bank wants to do or what market participants think is likely to happen. It's the interplay between the two that matters because, while central banks can manage expecta…

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