Fading Another Extreme

Just one more post about yield curves - I promise! With Friday's release of the CFTC commitment of traders report, I couldn't resist.In the coming years, I believe the yield curve steepener has the potential to be one of the all-time great trades. Eventually, I think the Fed, along with all the other developed countries' Central Banks, will lose control of the long end, and yield curves throughout the world will explode to record wides.