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1. NBS (nbs@noagendasocial.com)'s status on Monday, 10-Jul-2023 09:38:13 JST NBS

   in reply to

   The purpose of this post is to describe how I read/watch the Treasury yield curve for trading/investing signals and information.

   When the Fed lowers/raises rates, they do this (now) by adjusting the overnight rate at which prime banks lend/borrow with one another. There’s tons of technical info about this (more here: https://twitter.com/concodanomics/status/1572379548653850625), but for our purposes just know that they set the < 30 day rates.

   This is referred to as the "target rate."

   Continued…