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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (76114)	2/18/2000 1:06:00 PM
From: Oblomov	Read Replies (1) of 132070

MB, I'm trying to understand the yield curve mess. Note, 1 yr yield is now > 30 year yield Inverted by any standard, right? Then why is this inversion dismissed as an issue of "supply and demand", as if prices are not normally an issue of supply and demand? Does the long bond not matter anymore? If so, will the doubters be convinced when the 1 year yield surpasses the 10 year yield, or will the 10 year bond not matter at that point?

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