Beware The Ides Of March

[VJW]

INVERTED YIELD CURVE, ANYONE ?

The Fed Funds Rate is currently at 4.000 %. If the Fed stays on track with it’s pattern of raising the rate at every meeting, then the Fed Funds Rate will likely be 4.250% later this month, and 4.500% by February, which means come March, it will be in excess of 4.500%.

The interesting part is that on December 1st, the 10-year Treasury note closed at 4.400%.

What’s that Betty Davis line ? “Fasten your seat belts, it’s going to be a bumpy ride”.

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[PRICEPLUS]

Hmmmm? We shall see.