someones running for cover

Quote from Comanche:

sorry, but does that chart imply rates are dropping off a cliff or rising fast?

they are dropping off a cliff at the short end of the curve .... but these are historic moves ...
 
Just goes to show you that there are too many dollars that need to find a home, the dollar is toast, when yields get this low, instead of settling for even lower yields, the foreigners will repatriate to other currencies. When that repatriation happens in earnest, you will see a dollar massacre with 100 yen/dollar and 1.5 euro/dollar.
 
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