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.


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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