Alan’s Choice..

Alan Greenspan is probably ecstatic, one of his stated favorite measures of the health of an economy is breaking out today, the 30 year is over the 5 year rate. This in a sense is just saying that the FED is probably done hiking and yields are now moving out the curve. May be why Fitch is nervous, government now has to bear the cost. We are probably in for a lethargic period as the economy adjusts to all this.