Loading ...1) After being separated from each other, since Oct 2018, all US rates are trending down, forming a cone. But from Feb 2020 US rates collapsed in a vortex, glued to each other, escaping the deadly virus.
2) They are hugging each other, tangled together, slightly above zero.
3) US rates became a burnt scrambled eggs. The Fed will have great difficulties to separate them, to start inflation. They became melted plastic the Fed cannot shape, toxic material to the economy.
5) If US 3M will still be anchored to zero, while the 10Y is diving in a panic, the chain attached to the anchor will be ripped. The sinking 10Y will reach the bottom of the sea, unless JP will go to ==> NR, reversing plans, despite the Fed bruised ego…