Born To Run (Up)! Treasury 10Y-2Y Curve Flattens To Lowest Since Nov ’07 (Core PPI Growth Surging)

The US Treasury 10Y-2Y curve slope declined to the lowest level since early November 2007.

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One good reason is the Core PPI YoY is surging!

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Inflation is born to run … if The Fed starts shedding its Excess Reserves.

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