2-year and 5-year rates have fallen below EFFR again after steepening to +20bps.
If this persists out the curve, the Fed will have to keep cutting ✂️✂️ pic.twitter.com/XTbyxZcBYv
— Eric Basmajian (@EPBResearch) January 23, 2020
Why do you feel the best way to manufacture that is more QE? Rate cuts would steepen the curve faster, it just isn't politically sound ATM.
2-year rates fell below EFFR again. @gamesblazer06 https://t.co/6neDEGKrh4
— Eric Basmajian (@EPBResearch) January 23, 2020