Uncomfortably Familiar-----The Curve Keeps Flattening

This is all starting to look very familiar and predictably so:

ABOOK June 2016 Familiar 10s CMT ABOOK June 2016 Familiar 30s CMT ABOOK June 2016 Familiar 2s10s

Especially this:

ABOOK June 2016 Familiar June 2018 Eurodollar Futures ABOOK June 2016 Familiar Eurodollar Curve more ABOOK June 2016 Familiar Eurodollar Curve

It is utterly extraordinary that the June 2023 eurodollar futures contract closed trading at 98.00, much less than on February 11 and a collapse of more than 150 bps in anticipated 3M LIBOR seven years in the future just since last July. It is, again, entirely anticipated given the “ticking clock” and its increasingly synchronized Asian hands.

ABOOK June 2016 TIC CNY 3m ABOOK June 2016 Familiar JPY ABOOK June 2016 Familiar JPY Longer

Maybe even enough to bring back oil?

ABOOK June 2016 Familiar WTI CNY

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