Flattest Treasury Yield Curve Since 2008

The video discusses the challenges of trading around the Jackson Hole event, focusing on the yield curve's behavior and market expectations of a dovish Federal Reserve. It explores the potential for a steeper yield curve due to lower real yields and the impact of Fed policy on long-term investments. The consensus leans towards a strategy of playing the steepener, but the discussion also highlights the possibility of a flatter curve. Investment opportunities in long-term Treasurys are considered, with potential returns discussed.

Discuss the potential outcomes of playing the steepener versus the flattener in the current market.

What does the market expect regarding the Fed's future actions based on Fed fund futures?