Yield Curve Steepening Continues

The 10yr/2yr Yield Curve continues to steepen This will probably amp up the prospects of some kind of Yield Curve control (YCC) by our trusty centralized monetary politburo. Here is a chart I did last year describing why the steepener was considered inflationary. The most epic example of YCC was when the Fed announced the coming of Operation Twist in 2011 amid an inflationary episode … Continue reading Yield Curve Steepening Continues