4 hours Ago By GuruFocus.com
In This Article: Release Date: January 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript . Positive Points Negative Points Q & A Highlights Q : Does a steepening yield curve improve the run rate outlook, and does it matter if the long end sells off or if the Fed cuts rates? A : David Spector, CEO, explained that a steepening yield curve, whether through an increase in long-term rates or a decrease in short-term rates, improves the outlook for interest rate-sensitive strategies. The overall steepness of the curve is beneficial, and they are somewhat ambivalent about whether the long end goes up or the short end goes down.
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