time for another look at the curve










Word press does a good job of helping me remember the past.  Sub-consciously I had thought that 10 year had risen sharply.  Looking back, the 10 year still has dropped a decent amount from a couple months ago.

The spread has crept a little.  It is at 2.26%.  It is difficult to make anything of it.  For the most part, I believe the spread mostly has to do with the credibility of the Federal Government.  It can’t be healthy for the spread to be so wide for such an extended period.  I think the congress understands that the general message is to cut expenditure.


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