Colliding Federal Debt and the Rate Hike Cycle
Following the U.S. Federal Reserve Bank’s recent decision to raise short term interest rates by 25bps (to 1.75-2.00%) and indicate 2 more are on the way this year, we thought it was an opportune time to revisit one of ourfavorite asymmetries when looking at businesses from the short side, namely debt and leverage. Generally speaking, if a […]
