Forget the Yield Curve. The Debt-Market Action Is in Fed Funds
Pedestrians walk past the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: John Taggart/Bloomberg)

Forget the Yield Curve. The Debt-Market Action Is in Fed Funds

(Bloomberg) -- With all the focus on the shape of the U.S. yield curve recently, fixed-income traders could be forgiven for not concentrating so much on the growing tumult in the fed funds rate.
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