Yield Curve Today

All durations are up in yield with the curve dropping hard.  This implies risk is ‘ON’ beneath the market’s jittery psyche.*  But it’s just one day’s alignment.  It’s also bearish toward gold today, and this has been a trend for a long time now.

10, 5 & 2 year yields from Bloomberg

* By this individual indicator at least.  Junk bonds for instance are and have been screaming risk ‘OFF’.  Tough market.

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