Cantella Rates and Credit Dashboard--11/12/21

After being closed yesterday the 5 year hit a recent high of 1.26% ,now at a 1.23%?The belly of the curve has gotten crushed with 5’s backing up 22 bps.?The curve between 2’s and 10’s is at +104, but we have seen the real flattening in 5’s to 30 year currently at +70 bps.?Raise your hand if you remember the WIN buttons “Whip Inflation Now.”?On October 8, 1974 President Ford spoke in Congress and declared inflation “public enemy number one” and he asked the American people to send him a list of their top ten inflation- reducing ides.?Just your regular public Think Tank.?IG 36 opens at 52.?That’s it….Have a great weekend. The Blue Nile—“The Downtown Lights.?

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