[Video] What the FICC?: Trade Markets, Not the Economy

February 25, 2023

It's the weekly bond edition of What the FICC?

The narrative is quickly shifting back to tighter monetary policy following last week’s higher-than-anticipated CPI and strong economic data.

With these newfound recessionary fears circulating, I want to share a chart I like to avoid… The 2s10s treasury spread.

Bottom line: There’s still plenty of fear and uncertainty out there. But in reality, there always is. Uncertainty never goes away.

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