The yield curve is dropping today as yields rise. Risk ‘ON’ whereas last week we had a day with all yields dropping and the curve rising, which was risk ‘OFF’.
The yield curve is dropping today as yields rise. Risk ‘ON’ whereas last week we had a day with all yields dropping and the curve rising, which was risk ‘OFF’. So what’s it mean? It’s a market on an extremely tight wash-rinse-repeat cycle as casino patrons and black boxes alike do-si-do and swing to the left, swing to the right.
10, 5 & 2yr yields from Bloomberg
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