Falling short-term yields could prove more relevant than rising 10-year Treasury yields when it comes to thinking about banks and the Federal Reserve.
From the Web
Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.Read More >
The billionaire isn't getting a payment, but he has a strong opinion on how to use yours.Read More >
Markets are only just waking up to the implications of an important shift in Federal Reserve policy.Read More >
As Blackstone Barrels Toward Trillion-Dollar Asset Goal, Growth Is In, Value Out | The Wall Street Journal
Jonathan Gray, Blackstone Group’s day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.Read More >