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Video: Economist Perspective: Divergent Yield Curves

Erik Norland, CME Group<br><br> Is the growing budget deficit distorting the yield curve?<br><br> The yield curves are diverging at both the long and short end.<br>At the short end, U.S. LIBOR rates have risen relative to three-month T-bills. At the long end, Treasury yields are higher than swap rates. <br><br> Erik Norland, Senior Economist at CME Group, examines how the growing budget deficit might be distorting the yield curve.