Bond selloff seen amplified by bets on a rising theoretical “R-star”
TradingView News says a recent rise in Treasury yields is linked to investor bets that an obscure theoretical “R-star” consistent with stable growth and inflation is moving higher, amplifying the bond selloff.
By Gertrude Chavez-DreyfussA recent rise in Treasury yields in part reflects growing investor bets that an obscure, theoretical rate consistent with stable growth and inflation is moving higher.Some believe the so-called R-star, which is a rate that neither stimulates nor restrains economic activit…