US Trade Weighted Broad Dollar Index Hits All-time High!

The US Trade Weighted Broad Dollar Index just hit an all-time high!

usdollartradw

Meanwhile, President Trump keeps needling Powell and The Fed to lower interest rates, but Trump can’t seem to make Powell his.

Meanwhile. Powell’s Jackson Hole speech is helping to push down the 2-year Treasury yield.

powell yield.png

The 10Y-3M Treasury curve slope fell to -43 basis point on the China/Fed (Ched?) fistfight.

210yc.png

And the Treasury/Swap curves remain … Ched’d?

yswap

Meanwhile, Powell and Fed Fans are in Jackson Hole Wyoming doing “Talk, talk.”

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