@Fullcarry This week I was looking for a steepener to conclude followed by a bear flattener, but they steepened a little further than I expected.
I took a closer look &saw a capitulation low in 10s 30s (gap down last night). They’re certainly not sound on a fundamental basis here. SR3Z tho
@Brad_Setser@dampedspring@bless_bottle This paper touches upon the 15 year model proposal in 1933. It’s a start, look up Winfield Riefler papers St Louis Fed https://t.co/49exOTFpS0