Yesterday: 88 point spread 3 Month 3.36 6 Month 3.64 2 Year 3.91 3 Year 3.94 5 Year 4.01 10 Year 4.24 Today: 79 point spread 3 Month 3.44 6 Month 3.68 2 Year 3.97 3 Year 3.99 5 Year 4.04 10 Year 4.23 Only 4 more hikes to go before Greenspam inverts yield curve. What a lame-duck federal reserve chairman.
A shame we dont have a guy with spine like Volcker to go in there and just start jacking rates up where they belong. Screw the cronyism. Bring em back to 8%. Lets get some integrity back into the chair.