The Value of Floating Rates in a Low Rate World
Last Week: Interest rates fell as equities recouped some of the ground lost last week amid the breakdown in US-China trade talks. The yield on the US 10-year Treasury note continued to decline, falling to 2.40% from 2.44% a week ago. 1-month LIBOR followed suit, falling 1 basis point to 2.44% (note that the […]