The rate on 13-week Treasury bills stands at 2.06 right now.
The historical relationship between the rate on Treasury bills and the fed funds rate suggests that the Fed will have to lower their target rate to 2.25%.
The markets always win!
More on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
In your opinion, will the monoline insurance companies like Ambac and MBIA be downgraded and forced into bankruptcy thus exasperating the credit crisis forcing more losses in the markets index averages?
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