“I would rather have questions that can't be answered than answers that can't be questioned.”
— Richard Feynman
The U.S. yield curve continues to steepen, which, according to a chart we plotted late last week, dipped back into positive-sloping territory on the 2/10-year spreads:
The USD steepener was Craig’s only highest conviction call since mid-March—took a while to perform, but never...
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