We Haven't Seen Anything Like These In A Couple Generations

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Apr 28, 2023 at 6:15 AM EDT

Both the yield curve's 3-month/10-year spread and the Fed's near-term forward spread nose-dived in April.

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Both the yield curve's 3-month/10-year spread and the Fed's near-term forward spread nose-dived in April. The former is by far at a record extreme (for modern USTs), the latter worst since the early 80s. You have to start from these in order to understand current data, the current situation, as well as what the official story will be about both.

Video Length: 00:18:21

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Disclosure:

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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