David Ader

Without the benefit of data or issuance, the impetus to extend those gains is limited.

Without the benefit of data or issuance, the impetus to extend those gains is limited.

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

It is going to follow what the nominal (Treasury) curve is doing. It's not that great of a surprise.

This is big news. People sort-of thought it was inevitable, but it's still come sooner than many expected.

This is big news. People sort-of thought it was inevitable, but it's still come sooner than many expected.

We cannot take solace from these figures as the upward revision to the core PCE deflator takes the year-on-year rate read more

We cannot take solace from these figures as the upward revision to the core PCE deflator takes the year-on-year rate to 1.9 percent, up against the Fed's outer boundary.

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near read more

While the curve has moved to flat as a pancake to a bit inverted and yields open the year near 4.38%, we are not excited about further inversion just yet.