Whichever way you look at it – the Trump-flation trade is over…
What what SnakeHoleLounge.com calls "The Hysteria Curve" – TSY 2s10s – crashing to just 78bps, its lowest since August 2016…
Choose your hysteria to explain the Treasury market:
1) debt ceiling crisis,
2) hurricane (Global Warming) crisis,
3) North Korean nuclear attack crisis,
4) Trump’s Russian collusion investigation crisis,
5) the DACA (“Dreamer”) crisis,
6) Brexit crisis,
7) NAFTA crisis or
8) fill-in-the-blank crisis dejure.
Please tune to CNN or MSNBC (and even Bloomberg) for the latest in hysteria.
via http://ift.tt/2eHGlXg Tyler Durden