This morning the 10/2yield curve is again steepening and that is the headliner and one of my two most important indicators (the 30-year yield Continuum being the other). But I thought I’d dust off a bunch of existing charts from my chart lists that tell their stories as indicated by the bond market to go along with said yield curve. But let’s begin with the headliner.
Is this just another bump as in 2016 (2nd chart) or is it a real steepener like 2007 (3rd chart)? After all that post-Op/Twist manipulated economic booming it is due, I can say that much.
Everybody has the memo. Deflationary destruction it is! The yield curve (bottom) can steepen under either deflation or inflation. Right now it’s deflation hysteria… Continue reading "The Yield Curve Steepens - Deflation To Inflation"
