The New CS Board

[jumanji0881]

Recession with Stagflation ? -

Stellar Demand For 30Y Auction As Curve Comes Crashing Down : https://www.zerohedge.com/markets/stellar-demand-30y-auction-curve-comes-crashing-down

My Comment : I certainly would like to see gold have a sustained move higher. The Fed cannot fight both "stag" and "flation" simultaneously.

Excerpt:
In short, an absolutely stellar auction and one which appears to confirm that the bear flattening is here to stay because with every tick higher in short-term rates, the long end drops as the curve prepares to flatten and then invert ahead of the coming recession which the Fed will tighten right into.