Something for your Espresso: Ueda and the volatile Uninversion
From a slide to a climb: the yield curve seems increasingly poised to slope positive in the near future. Good news? Well... Read our morning thoughts below
![Something for your espresso](https://stenoresearch.com/wp-content/uploads/2023/01/Something-for-your-espresso.png)
Good morning from Europe!
Another red day in the markets is behind us as most asset classes were hammered once again. Long-term yields did recover some lost ground in the Eurozone, but it appears that the bond market is increasingly caught in a state of disarray.
If you believed that fixed income was a secure asset class, safe for the faint-hearted, these past years have doubtlessly raised your blood pressure
Chart 1: VIX vs MOVE index
From a slide to a climb: the yield curve seems increasingly poised to slope positive in the near future. Good news? Well… Read our morning thoughts below
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