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

Eurodollar University

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The US Treasure Yield Curve Is Getting Worse

The market is projecting lower growth and nominal inflation expectations, flight to safety needs in the intermediate future. China's economic numbers from just yesterday, retail sales contracted half a percent year over year. Industrial production was back down to 5%, recognizing that the goods economy is sort of transitioning. The US services economy might be where the US treasure yield curve is particularly focused on.

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