Posted 5/19/2026 11:16 (#11650880 - in reply to #11649964) Subject: RE: Hang on.
We have a yield curve again and it wasn't fabricated by further short end cuts, it came from market discovery on the mid & tail. Nature is healing - I am in the camp, the Fed should do no QE, certainly no overnight cuts. Rate hike might be on deck. Watch the data. It is good to have a yield curve, especially a market led one.
Hang on.
