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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