Lyn Alden: Yield curve is flat as market adjusts interest rate expectations - Traders Union
Lyn Alden: Yield curve is flat as market adjusts interest rate expectations - Traders Union
Source: Traders Union
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DW NOTE
The curve flattened because the Fed is hiking into a supply shock it cannot fix. The Strait of Hormuz has been shut for seven months, oil supply is down 6%, and the 10-year yield is at 5.24% — yet gold has fallen 21% from its January high. That's not normalisation, that's forced liquidation in a market that no longer believes central banks control anything.