Courtesy of Mish.
Curve Watcher’s Anonymous is investigating the yield curve following Janet Yellen’s exceptionally dovish FOMC announcement on Wednesday.
Yield Curve 2-yr, 3-yr, 5-yr, 10-yr, 30-yr
click on chart for sharper image
- 30-year in black and red
- 10-year in orange
- 5-year in blue
- 3-year in green
- 2-year in purple
Change From Year Ago
Above rate table from Bloomberg.
Futures Suggest No Rate Hike Until December
Please consider Yellen Sends Odds of Any Rate Increase Below 50% Until December
“The likelihood that policy makers will lift their benchmark rate from near zero in September fell to 39 percent from 55 percent on Tuesday, according to calculations by Bloomberg using federal fund futures contracts. Futures traders have wiped out the chance of an increase in June, assigning it an 11 percent probability.”
Door Open…
