We have been waiting and watching for Keystone's 255 spread number between the 2 and 10-year yields to give way. 255 GAVE WAY TODAY.
10-year = 2.96%
2-year = 0.44%
296-44=252
The yield curve is no longer attractive for banks. This collapse thru Keystone's 255 number is causing the weakness in financials today. This spells big trouble for the financials as well as the broad markets.
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