Treasury Spreads January 2015

The above are a few yield curves from the past five years. Note that as of yesterday the yield is dropping to one its lows for 30 years. Also note that the curve is starting to slope upward, showing higher yields at lower durations. There is doubt of getting to an inverted yield curve again but one can wonder.

The above is the spread of 30 day to 30 year, the maximum spread. It is approaching a long term low again.

The above is the 90 day to 10 year spread. It is far from a low and this reinforces the above conjecture.

This shows the dynamics of the details of the previous curve. One suspects that with the employment rates we could see the FED making a change but again we must examine the FEDs Balance Sheet. We will do this tomorrow.