The yield curve continues to slowly show optimism. The long end of the curve continues to climb. It's now back up above the yields of early April. This suggests that the market foresees continued relatively strong recovery in employment and that the Fed is adequately providing liquidity. Forward inflation expectations have leveled out below 2%, but they are basically as high as they were before the Covid-19 outbreak. That's probably reasonably good news. And, the expected date of...
