Monday, December 16, 2024

We're finally getting some yield curve interest rate normalization with the 1MO yield leader being replaced by the 20Y, as it should be

 The UST Bills end averages 4.353 as of Friday Dec 13th, while the Bonds end averages 4.650.

Still soft in the middle, though, with Notes averaging 4.288. Would like to see Bills and Notes the reverse of that for a nicely steepened slope from short duration to long.