David Ader

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.

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.

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.

We've seen dip buying and think that's a precursor to larger commitment into supply.

We've seen dip buying and think that's a precursor to larger commitment into supply.

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.