Wednesday, October 21, 2020

Tag: Bond Market Screams for More Rate Cuts: Trump Policies Ensure They Come

Bond Market Screams for More Rate Cuts: Trump Policies Ensure They Come

by Mish Shedlock, The Maven:

Ahead of the FOMC announcement the 10-Year to 1-Month spread was +2.2 Basis Points. The spread is now -27.5 BPs.

The Fed was hoping to steepen the yield curve with its 25 basis point (quarter-point) rate cut. Instead, inversions strengthened dramatically.

Inversions Strengthen