US Yield Curve Collapses To 6.5 Year Lows

As yields across the Treasury complex continue to rise this week - amid desks complaining of no liquidity at all (and following yesterday's weak auction) - the yield curve (5s30s) has collapsed to 108bps, its flattest since June 2008. 2s30s continues to slide also (at 212bps) almost eerily perfectly tracking the plunge in the curve of the early 2000s...

5s30s hits flattest since June 2008...

As 2s30s tracks eerily close to the mid 2000s cycle...

tick-for-tick and level-for-level... we are sure this will end well!

Charts: Bloomberg

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