We haven't seen anything like these in a couple generations.

Eurodollar University · Apr 28, 2023 · 18m

Both the yield curve's 3-month/10-year spread and the Fed's near term forward spread have nose-dived in April. The former by far at a record extreme (for modern USTs), the latter worst since the early 80s. You have to start from these in order to understand current data, the current situation, as well as what the official story will be about both.

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