Treasury, Swap And SOFR Curves Remain Inverted Compared To 1 Year Ago (Venezuela’s 6M Yield At 17,500%)

Foul Powell on the prowl? 

The US Treasury actives curve certainly is different than one year ago. It was upward sloping, but not it is downward sloping to 5 years then upward sloping again.


The US dollar swaps curve was steeply upward sloping a year ago, but now is deeply downward sloping up to 18 months.


At least the great rum-producing nation of Venezuela looks pretty much the same as 1 year ago, with the exception of the short end where the 6 month sovereign yield is … 17,500%.




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