Uninverting yield curve

٦ أبريل ٢٠٢٣

Here we can see Japan is slurping up bonds to hold down oil prices. (vs. USD: Red) (vs. SAR Green)

Simultaneously the us05y (orange) is compressing below the us30y (yellow), uninverting the yield curve and firing off our famous recession signals.

But people wonder why the MOVE index is so wildly off the charts..