Basis Points: The Slope of the Yield Curve and How it Affects Refunding Escrows
Georgina Walleshauser
February 7, 2024
While the term “normal yield curve” refers to a positively sloping yield curve, the marketplace has become accustomed to an inverted yield curve for quite some time. The treasury curve, from the 6-month to 30-year point, has been inverted since September 2022. We’ve seen this create a benefit for issuers