I just came up with this new chart with the symbol $US10Y-$US2Y, which shows how insanely inverted rates are (and how laughable it is that Biden is saying there will be no recession, no way, no how).
Unprecedented Inversion
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Never More Inverted
Peak Easing
Bonds have had a staggering recovery over the past couple of months, as rapidly-ascending interest rates stopped in their tracks and started retreating. As I look at interest-sensitive charts, however, I have to wonder if the world of bonds is going to start a new leg down. Here is EMB (emerging markets bonds):
The Dottiest Plot
Because the FOMC has such a spotless record for predicting everything:
