Today’s Market Update: Treasuries Ripping
Yep, that’s precisely what should be happening when both US and Global asset allocators are having a Quad 4 Scare. That’s easily the biggest asset allocation in my p.a. right now. It should be in yours too:
In other words, The Curve on 5s/2s remains inverted and 10s/2s is +15 basis points wide and compressing.