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Yield Curve

Summary:
They were holding the short end at the overnight rate they are paying on RRP at 0.05% .. but last few days this broke and now the 1 month is under that at 0.03%….Inverted/negative rates have to be the Fed’s worst nightmare…

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They were holding the short end at the overnight rate they are paying on RRP at 0.05% .. but last few days this broke and now the 1 month is under that at 0.03%….

Inverted/negative rates have to be the Fed’s worst nightmare…


Yield Curve





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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