NBS on Nostr: Long and strong, finally some relief on this bag 2yr vs 10yr yield steepened some ...
Long and strong, finally some relief on this bag
2yr vs 10yr yield steepened some 8bps, floating away from deeply negative territory. This inversion occurs most often from the front end yields getting jacked, which typically leads a recession as money becomes expensive in the short terms (as many corps operate with leverage in short-dated borrowing).
It’s been decades since this spread has been this negative for this long, but it’s a crowded trade. Still like it, still holding the bag
Published at
2023-09-26 23:15:45Event JSON
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"content": "Long and strong, finally some relief on this bag\n\n2yr vs 10yr yield steepened some 8bps, floating away from deeply negative territory. This inversion occurs most often from the front end yields getting jacked, which typically leads a recession as money becomes expensive in the short terms (as many corps operate with leverage in short-dated borrowing).\n\nIt’s been decades since this spread has been this negative for this long, but it’s a crowded trade. Still like it, still holding the bag\n\nhttps://static.noagendasocial.com/media_attachments/files/111/133/992/118/097/547/original/441d84ad98410df4.jpeg",
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