Traders are looking at a slightly deflationary environment for a few quarters. Crude might break 50, going down, a bad omen. Below 50 means an excess cost for sudden fracker rescale. Treasury curve is leaning down, from below the Fed target. Like a 30 basis point drop, the ten year is not making it back up to 2% for some time. It is a bit scary, kind of like nightmaresville stuff,the sudden plunge, a head dive, steep spiral, an Omigod.
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