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We need to talk about curve inversions (plural) going nuclear.

Eurodollar University

00:00

Introduction

According to Germany's central bank, yesterday the yield on the two-year shot finished above the yields on the 30-year boom. This was the first time that had ever happened. As I'm sitting here right now, the three-month 10-year spread is a ridiculous 47 basis points inverted. That's not even the worst of it. Go over in Eurodollar futures, which is something we talked about all the time. We've talked about the growing inversion ever since last December.

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