Talk says Fed hawkish tone and Treasury actions pressure long-end steepeners
Market talk cites expectations that the Federal Reserve could follow through on Chairman Kevin Warsh’s hawkish Jackson Hole message at its September meeting, plus potential Treasury interventions, making it difficult to hold long-end steepeners over the next weeks.
The prospect of the Federal Reserve following through on Chairman Kevin Warsh's hawkish message at Jackson Hole at the September meeting, together with the potential for further Treasury interventions, makes it challenging to hold long-end steepeners outright over the next few weeks, Deutsche Bank…