The Yield Curve Is Crashing

Since the hawkish Fed statement, things have escalated quickly…

The dollar has rolled over from kneejerk gains.

Stocks have tanked (not helped by Green’s “bubble” comments).

And the yield curve has collapsed…

2s30s is down over 5bps now, back below the critical 80bps level and set for its flattest close since Oct 2007.

As 30Y Yields are now down 3.5bps on the day and 2Y yields are up 1.5bps…