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Wow! What a week it was. Last week, I mean. Interest rates on the long end of the yield curve got yanked up so much the banking system ended up with a wedgie. The yield on the 30-year T-bond soared 35 basis points, the biggest five-day spike since, well, since a long time ago.
The shift in long-term rates is just part of the story, though. The very shape of the yield curve has changed dramatically since the summer of 2018. The question now is