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by Mish Shedlock, The Maven: Ahead of the FOMC announcement the 10-Year to 1-Month spread was + 2.2 Basis Points. The spread is now -27.5 BPs. The Fed was hoping to steepen the yield curve with its 25 basis point (quarter-point) rate cut. Instead, inversions strengthened dramatically. Inversions Strengthen What Happened? Bond Yields Crash On ISM […]
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