The U.S. Treasury yield curve has plunged further today (2s10s -5bps at 107bps)breaking to its flattest since January 2008.
The U.S. Treasury yield curve has plunged further today (2s10s -5bps at 107bps) breaking to its flattest since January 2008.
(Click on image to enlarge)
The curve has been flattening since The Fed began to taper QE3 and as financials begin to catch down to that ugly reality...
(Click on image to enlarge)
One wonders just what The Fed can do about this?
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