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Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.

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:

  1. UST 2yr Yield down to 2.08% this morning with immediate-term downside to 2.04%
  2. UST 5yr Yield down to 2.03% this morning with immediate-term downside to 1.99%
  3. UST 10yr Yield down to 2.23% this morning with immediate-term downside to 2.20%

In other words, The Curve on 5s/2s remains inverted and 10s/2s is +15 basis points wide and compressing. 

CHART OF THE DAY: Global #GrowthSlowing, Treasuries Ripping - Chart of the Day 5 29 19

CHART OF THE DAY: Global #GrowthSlowing, Treasuries Ripping - early look