Ten-Year Swap Spread Turns Negative on Renewed Demand for Risk

by Benjamin Domenech on 12:34 pm March 23, 2010

The deepest fear that we should have in regard to the capital markets is whether they will continue to sustain America’s fiscal deficits: “The 10-year U.S. swap spread turned negative for the first time on record amid rising demand for higher-yielding assets such as corporate and emerging market securities.”

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