The Weekly Spread: What Shaped Yields And The Dollar This Week - TradingView
The Weekly Spread: What Shaped Yields And The Dollar This Week - TradingView
Source: TradingView
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DW NOTE
The Fed hiked into a 5.44% producer price inflation print while the 10-year yield sits at 4.94%. Real rates are still negative, but now the curve is positive and Powell gets to pretend he's containing something. Meanwhile WTI holds above $100 with supply down 6% for the year — which means the rate hike is tightening into a supply shock, not demand excess.