The ECB Is Mucking With the End With the Yield Curve

Lagarde put the TPI in place last July when Powell was the last time for 75 basis points. She announced that she would be managing credit spreads from here on out. The German US 10 and two year spread have collapsed over the last 18 months. And they've hit a nadier and they've bounced recently with the US banking turmoil and with the debt ceiling stuff.