Courtesy of ZeroHedge View original post here.
US Treasury yields are tumbling across the curve this morning (despite a record high PPI print) with the long-end outperforming (30Y -6bps, 2Y -2.5bps)
This has pushed 30Y Yields down to their lowest since before September's FOMC statement…
Which has driven the yield curve (2s30s) to its flattest since Nov 2020…
Flashing a big red warning flag that a Fed policy error is coming.
And the long-end of the curve remains inverted for the 9th straight day…
The dollar is down as yields drop…
And gold has rallied back above $1830…
And of course, cryptos have ripped to new record highs.
Are markets getting nervous that a Fed Chair Brainard will be the doviest dove in dove-land?