Swap spreads are trading in a tight range despite the sell-off. -Jon Blumenfeld

 

Swap spreads are trading in a tight range despite the sell-off.


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Swap spreads are trading in a tight range despite the sell-off.

Jon Blumenfeld

It's not a swap event. It's a Treasuries event. This confirms that the Fed is in no hurry to stop. That should flatten the curve. Then, we'll see whether the swap curve will follow.

Jon Blumenfeld