EFTA Document EFTA01362023

4 September 2016 US Fixed Income Weekly [Long forward breakevens, either outright or hedged with energy futures 2.2 2.0 1.8 1.6 1.4 1.2 -ly fwd implied BE from 7/15/16 to 7/15/17 -ly ford implied BE from 1/15/17 to 1/15/18 1.0 2/1/15 3/1/15 4/1/15 5/1/15 6/1/15 7/1/15 8/1/15 9/1/15 Sown Marren haw. &Pam' Dnescno Sam A simpler version of the implied front end forward breakevens is to be long front end breakevens outright. They have lagged oil prices. A regression of five-y