Yield curve flattens as energy stability hopes clash with SOFR front-end skepticism and unverified SWest Asia flows.
What changed
YIELD CURVE KEEPS FLATTENING ON HOPES FOR ENERGY STABILITY/DECLINE, BUT SOFR AND THE FRONT END NOT BUYING IT. COMPETING NARRATIVES ARE FOR INTERMEDIATE TERM ENERGY SHORTAGES, BUT ENERGY CURVES SAY MORE IS MAKING IT OUT OF SWEST ASIA THAN REPORTED. HTTPS://T.CO/EGHCPDKXSW — VIA @BLACKLIONCTA