Goin’ Down: UST 10Y-2Y Curve Flattens To 65 BPS As Real Weekly Wage Growth Declines To 0.4% Growth YoY

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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As Bruce Springsteen sang,  “We’re goin’ down!” At least the US Treasury curve contines to flatten and real weekly earnings growth YoY continues to decline.

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With declining real wage growth, many Americans will have to switch from Heineken to Pabst Blue Ribbon!

But enough of this dire economic news. How about we listen to one of The Boss’ more upbeat tunes, “Sherry Darling”?

Your Mamma’s yappin’ in the back seat
Tell her to push over and move them big feet
Every Monday morning I gotta drive her down to the unemployment agency
Well this morning I ain’t fighting tell her I give up
Tell her she wins if she’ll just shut up
But it’s the last time that she’s gonna be ridin’ with me.

Oh wait. That song is depressing too!! Just like …

Fed Chair Janet Yellen Testifies At Senate Hearing On Semiannual Monetary Policy Report To Congress

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