Updating the Reflation Bounce

The president announced he is imposing tariffs on currency manipulators (which is a way of saying all nations with paper currency) and talked the USD down earlier, with FOMC due…

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On the Yield Curve

As I watch the 10/2 yield spread inch another increment toward steepening I can't help but wonder if the public, which was diddled so thoroughly (and incorrectly) about the negative…

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Yield Curve Smashed

This is just breathtaking, as the would-be steepener is now dead and buried. It has the feel of a final and dramatic move. A lot of things are making dramatic…

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The Yield Curve’s Steepener is Cooked, for Now

The 10yr/2yr spread is making a lower low, that breaks the steepening trend of 2019 and the signal would normally be thought to be Goldilocks; where inflationists get killed, gold/silver…

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Yields and Some of the Things They Influence

Long-term yields bumped up today... This of course bumped my position in the T-bond bear up. It bumped my position in the Regional Banks iShares up. It bumped Uncle Buck…

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“Yield Curve Control”?

"There is nothing wrong with your television set [market signaling]. Do not attempt to adjust the picture [ratios, indicators, free market inputs]. We are controlling transmission [of the signals you…

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Yield Curve Continues Firm Rebound

Jerome Powell (I have to believe purposely) rammed it back into gear. Deflationary or even Goldilocks signaling will not do. I don't pretend to know exactly why, but it appears…

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10/2 Yield Spread, Live

With the June Jobs release behind us, the 10/2 yield spread/curve (CNBC) is left to do its part in indicating the future. It maintains its steepening potential, but is on…

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