annotated Z3/5 spread
reading through some end of day comments and something about this visual, all marked up, which I wanted to save here for further review … from those who will tell us what happened while we slept,
… Z3-Z5 ED$ spread: similar to the June 2021 FOMC reaction and OCT 2021 ‘rates hike maybe necessary’ comments from Bullard & Waller, the ED$ strip is breaking flatter out of a multi-month consolidation pattern, now just 6bps from re-inverting after that was seen in late-NOV.
Okie dokie. I feel better now because … sharing is caring.