treasury curve wiggles recover

The 2s10s Treasury curve steepened from the recent inversion after softer inflation prints, briefly easing recession worries (Reuters).

scene cut

Yield movements reflected the same macro data the Fed cited in fed holds and signals pause watch, yet dealers still price in cautious growth.

signal braid

• Matches the SaaS multiple repricing seen in saas multiples climb as macro steadies.
• Reinforces market narratives from inflation hits 9.1 percent and goldman sachs trims growth outlook.

my take

Even a modest steepening feels like relief. I now treat curve moves as breathers, not directional trades.

linkage

linkage tree

• tags
  • #finance
  • #2023
  • #market-news
• related
  • [[fed holds and signals pause watch]]
  • [[saas multiples climb as macro steadies]]
  • [[inflation hits 9.1 percent]]
  • [[goldman sachs trims growth outlook]]

ending questions

Will the steepening stick once January data hits?