When I was 16
March 18, 2019
–New recent lows in the first three one-year calendar spreads with EDZ9/EDZ0 still the lowest at -21.0. In the beginning of January the lowest settle for a one-yr spread was -28 (June’19/June’20) so we’re getting close. The attached chart shows the first five quarterly June contracts. It was in early December, before the FOMC, that near calendars inverted. Since then, greens (3rd year) have remained the strongest part of the curve, and the green pack remains just about 1/4% lower in yield than the current libor settings. Hard to see that changing going into this week’s FOMC.
–Further back on the treasury curve 5/30 continues to grind to ever higher highs, end the week at 62.0.
Below is sort of an amusing thread on why Nancy Pelosi’s idea of lowering the voting age is not such a great idea.
https://news.grabien.com/story-young-americans-hilariously-explain-why-lowering-voting-age
| Young Americans Hilariously Explain Why Lowering the Voting Age to 16 Is a Terrible Idea :: Grabien NewsYoung Americans Hilariously Explain Why Lowering the Voting Age to 16 Is a Terrible Idea ‘When I was 16, my friends and I bought a live lobster, put it on a leash, and walked it around the neighborhood at 2am’news.grabien.com |
When I was 16 me and my friends went into PetSmart and bought a bunch of live mice and then let them loose in Kroger.
