From its highs on 10/26/81 (at 15.2%), the 30Y UST yield has collapsed to below 2.00% today.
That’s quite a trend…
And for the first time ever, the entire UST curve is below 2.00%…
What a difference a year makes…
And don’t forget the Effective Fed Funds Rate is 2.12% – above the entire curve – Well done Fed!!!
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Author: Tyler Durden