Year of the Dog reflections: Treasury curve tribulations

At the beginning of every Chinese New Year, AsianInvestor makes 10 predictions about economic, political and financial developments that are likely to have an impact on the way institutional investors assign their money. One year later, we revisit these forecasts to see how well we did. Our third Year of the Dog forecast was to look at whether an increasingly inflationary environment and concerns over the long-term prospects of the US economy would cause its Treasury bond yield cu…