Swaps Curve Flattening Too
The US Treasury yield curve keeps on flattening.
While the Treasury curve continues flattening since December 2013 as well.
And the 3m Libor-OIS spread keeps on rising.
The 7-year Treasury auction yesterday was a bust with the 7-year high yield declining from the previous auction.
And the 7-year bid-to-cover ratio lowest in two years.