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The US Yield Curve Is Still Aggressively Selling Off
The US yield curve is going sideways and it's upside down. It's inverted. And this is basically what you're saying is the credit market saying, yeah, we don't believe this. You're going to have to ease soon. But where I'm having trouble is I'm looking at the UK. To me, this looks like it's still aggressively selling off to me, right? And then here's the European yield curve. And it's still well within just like the standard volatility and it's selling off like crazy."