INSUBCONTINENT EXCLUSIVE:
John Williams, who takes the helm of the powerful Federal Reserve Bank of New York in June, played down risks the yield curve would become
The spread between 2- and 10-year US Treasury yields is the narrowest in over a decade as investors price in a slightly steeper pace of Fed
charge in New York on June 18
A potential source of risk has emerged in recent weeks with the widening in the spread between Libor -- the London interbank offered rate --
and the overnight indexed swap rate, which has risen to levels unseen since the financial crisis
Williams played this down.
