Longer term US Treasuries again fell Friday night as the bond ‘market of truth’ is sending an increasingly clear picture that it sees trouble ahead. Importantly too, the yield curve is flattening, big time, with the long term 30yr yield crashing to a 4 month low as 2 year bond yields rose. In other words whilst we might have short term inflation, the market is saying deflation or at least disinflation will prevail and the Fed will crank up the printers again.
https://youtu.be/Q5cpRP61czI
