We now have a flat to slightly inverted yield curve on the seven to ten year treasuries, explains Bob Iaccino of Path Trading Partners. I think the 50-basis point rate hike will get walked a little bit by the markets, he adds. I think we are tightening into a weaker economy, he says. He points negative real wages and people are not earning enough to keep up with inflation. There will be a dip to buy, but not just yet, he explains.
Market On Close
18 Feb 2022