We’ve got Trouble in Potomac City!
The US Treasury 10Y-5Y curve is going deeper into inversion.
The short end of the Treasury curve is rising, as expected, but declining at the 5 year tenor and beyond.
The aggregate Treasury Index is plunging as Fed Funds Futures signal 8.341 rate hikes over the next year.
Mortgage rates? Climbing as mortgage refinancing applications fall (as expected).
Is The Federal Reserve actually run by The Office’s Michael Scott?
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