Treasury Yield Curve Crashes To 8-Year Lows, Financials Follow
The U.S. Treasury yield curve has plunged further today (2s10s -5bps at 107bps) breaking to its flattest since January 2008.
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The curve has been flattening since The Fed began to taper QE3 and as financials begin to catch down to that ugly reality...
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One wonders just what The Fed can do about this?
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