The Eurodollar charts are updated through Friday. The Treasuries chart is monthly.
The Treasuries chart suggests that the yield curve is functionally inverted. (The 10 year yield needs to get above the trendline.) Forward 5 year inflation expectations are below 1%. There is a lot of focus on the targeted lending facilities, etc., but, as in 2008, the Fed could really just do more standard stimulus. Just buy a bunch of Treasuries. If the cash just ends up in excess reserves with no increase in forward nominal spending and inflation expectations, then buy more.
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