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...Bill suggests Arp give up his bed to his wife; he refuses and Taeuber-Arp, not uncheerfully, wades through the snow to Bill’s summer house, lights the stove, forgets to uncover the flue, and dies of carbon...
...A 4 basis point rise to just below 2.50 per cent was accompanied by flatness in two-year yields at 1.86 per cent, leaving the Treasury yield curve at its steepest in three weeks....
...However, the flatness of the yield curve could be an ill omen....
...Bill Gross is founder and co-chief investment officer of Pimco...
...“I feel like Bill Murray in Groundhog Day,” says David Rosenberg, North American economist at Merrill Lynch....
...And that against the headwinds of the balance sheet management part of the business being relatively slow because of the flatness of the yield curve....
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