Today’s hawky-dove announcement by The Fed (raises rates by only 25 basis points, but hints that many rate hikes are around the corner.
The US Treasury 10Y-5Y curve has slumped to zero as inflation climbs and the number of rate hikes hits 7. Do I detect a trend?
And then there is the USD Overnight Indexed Swap (OIS) curve. Steep much?
And electric battery metal, nickel, is surging … again. Up 66.25%.
When they made Narcos, Pablo Escobar should have said “Nickel or Lead” instead of “Silver or Lead.”
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