“Flattened” – Jobs Miss Causes (More) Trouble With The Curve

“Flattened” – Jobs Miss Causes (More) Trouble With The Curve

Yes sir! Because nothing says "Trumpflation onward and upward" like the 2s10s at its flattest since October... Here's Bloomberg: USTs Bull Flatten; Front-end Lag Pushes Curves Through YTD Lows Treasuries broadly maintain post-jobs report gains as 5Y-30Y yields lower by 3bp-4bp on the session; front-end of the curve underperforms, sees 2s10s at flattest levels since October and 2s5s flattest since November. 2s10s tighter by 2.8bp and 2s5s by 2.4bp as front-end gains behind rest of the cur
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