Treasury Yield Curve Crashes To New 10Y Lows After Hotter-Than-Expected PPI

@zerohedge -

@zerohedge—With a December rate-hike baked into the cake (odds as close to 100% as possible), the hotter-than-expected PPI print has sparked notable outperformance in the long-end (amid Fed-driven slowdown fears) sending the yield curve to new cycle flats - flattest since 2007... The last two times the yield curve was this flat, the US economy was in recession... As a reminder, it took The Fed driving rates up to 5.25% before financial conditions finally snapped tighter... But The Fed has only around...

The Giants and Ben McAdoo hit a new low in a season of new lows. It seemed like it couldn't get worse for the Giants, and then they lost to a winless team.