November 11, 2017

Bond markets increasingly pointing towards a slowdown

Week ending Friday November 10th 2017 A quiet week in data and in markets. News on tax reform was also slightly disappointing. Trump was out of the country on his Asia tour and that kept politics out of the news. Yield curve trending to flattest since the GFC The most interesting market indicator by far has been the slope of the yield curve. Short rates have been consistently moving up while long rates have been drifting down – until a modest reversal on Friday. The 10yr less 2yr yield spread has been hitting a series of lows unseen since the…...

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