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US Treasury 10Y-2Y Curve Slope Breaks Though 80BPS (The Thrill Is Gone)

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

The US Treasury Yield Curve Slope (10Y-2Y) just broke through 80 basis points on the downside.

Liquidity moves markets!

Follow the money. Find the profits! 

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Yes, the thrill experienced about a Trump Presidency and the repeal of Obamacare, deregulation, securing the US border with Mexico and lowering taxes has beaten down by Congress and entrenched Federal bureaucrats (what the Russian termed “apparatchiks” –  full-time, professional functionaries of the Communist Party of the Soviet Union or the Soviet government apparatus).

To quote blues musician B.B. King, “The Thrill Is Gone” in the Treasury market.  

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