@Sc0ttDalt0n
Scott, the inverted US yield curve has been wrong for some time. The 2y now suggesting a deep rate cutting cycle is about to start is imho wrong also. If you were to believe we were entering a deep global recession, let me tell you, HCH is the last place you'd want to be for a long time.
What i worry about is what the 10y does once we get one or two rate cuts. Bear steepening incoming??
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-141
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