Epic collapse underway in the US Treasury yield curve
https://fred.stlouisfed.org/graph/?g=NwP2 Once again, it’s all about moves in the bond market … and, per yesterday’s tweet, related concerns about inflation, a late Fed, and the risk of a monetary policy error. Yields are higher, the 2s-10s curve is below 10 basis points, and the pockets of inversion are intensifying. pic.twitter.com/EoQ8HT8WmZ — Mohamed A. El-Erian (@elerianm) … Read more