Friday, 24 January 2020

The US curve is now inverted out to 7 years

The US curve is only 15bps from inversion again and the 10year has completely given up the so-called Q4 economic bounce. 

The US curve is now inverted out to 7 years. 

The bond market thinks the Fed needs to cut at least 2 or 3 more times. 

To be fair to Powell they acted pretty quickly in the Autumn as without that I would have expected a crash
 
 






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