Not much worries US bond traders as term premium falls
New York Fed's 10-year term premium sinks to lowest level since 1962
Sat, May 21, 2016 - 5:50 AM
DOWNWARD PRESSURE: Asset managers say the pace of economic growth in the US is slow enough to push bonds' term premium lower.
IT TAKES a lot to rattle Treasuries traders these days.
Not since 1962, when John F Kennedy was president and Bob Dylan released his first album, have they demanded less compensation to own a long-term US government bond rather than a shorter one. In fact, they don't...