It’s Four – Twenty !!!! and if your like me your wondering how that Yield Curve is hanging in.  We have an oh so slight drop on the short-end making a slightly more natural bow-ish shape.  Bullish? Bearish? you tell me!

And from the beginning of 2018, the Yield Curve is elevated across the board, but we have some flattening in Real Rates.  Also, a nicer bow-ish shape compared to January.