With the short-end underperforming today, the US Treasury yield curve is flattening once again. The spread between 2Y and 10Y yields has plunged to 93bps today – the lowest level since November 2007 – suggesting US financials have not seen the wost of it yet…
Which sends a long-term warning for US financials…
And short-term…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1LQ2Du7 Tyler Durden