Treasury Curve Keeps On Flattening

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Keep on Flattening. 

The Treasury yield curve, that is.

The 10Y-2Y slope is now down to 46 basis points … and flattening. The same for the 30Y-2Y slope as The Fed raises their target rate faster than they are decreasing their balance sheet.

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The Fed’s monetary policy is like Tom Haverford’s “Tommy Fresh” cologne which Pawnee Perfumer Dennis Feinstein said smells like “Chinese food spilled in a birdcage.”

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