ZERO HEDGE writes:

Via Strategic Macro blog,

I had previously said I think 10yr US Treasury yields could bottom in April at 75-85bps. Well six days later we are below that range… risk happens fast I guess. 

I think the Fed needs to steepen the curve to stop Japanese and European banks selling to primary dealers and crushing liquidity.


EU and Japanese banks have lent about $4Tn in this cycle via QE leakage to the US government, hence USD weakness and EUR and JPY strength on risk off/ ...

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