Do I Detect A Trend? US Treasury 10Y-5Y Slope Hits Zero (Inversion Imminent) As USD OIS Curve Steepens (Nickel UP 66.25%)

Confounded Interest ^ | 03/16/2022 | Anthony B. Sanders

[Browns Ultra Fan]

Today’s hawky-dove announcement by The Fed (raises rates by only 25 basis points, but hints that many rate hikes are around the corner.

The US Treasury 10Y-5Y curve has slumped to zero as inflation climbs and the number of rate hikes hits 7. Do I detect a trend?

And then there is the USD OIS curve. Steep much?

And electric battery metal, nickel, is surging … again. Up 66.25%.

When they made Narcos, Pablo Escobar should have said “Nickel or Lead” instead of “Silver or Lead.”

[Browns Ultra Fan]

This is getting crazy. We can't survive 3 more years of Dementia Joe.

[kiryandil]

Don't worry.

Pooty will fund more attacks on US nickel production by the Greenies...

[SaveFerris]

(but hints that many rate hikes are around the corner)

Good, good.

That should wreck everything even faster.

Print more money to make payments.

[SaxxonWoods]

Soft landings are hard to engineer. Even a garden-variety recession would be a decent outcome considering the excesses that need to be worked off.

Here’s some good stuff on interest rate curve inversions:

https://investorplace.com/2019/08/4-times-there-was-an-inverted-yield-curve-and-what-happened-to-stocks/#:~:text=The%20last%20time%20the%20yield%20curve%20inverted%20was,before%20the%202007-08%20market%20crash%20and%20economic%20recession.

[algore]

a hint

https://en.wikipedia.org/wiki/Norilsk_Nickel

[MeneMeneTekelUpharsin]

Just wow.

[algore]

“Soft landings are hard to engineer”

not really you just have to understand gravity, and that the moon is a harsh mistress

https://arcader.com/lunar-lander/

[GingisK]

Nickel is also what rocket engines and jet turbines are fashioned.

[EEGator]

One of my favorite SciFi books…

[LegendHasIt]

Not a lot of economically exploitable Nickel deposits in the USA, so he would be wasting his money.

[nascarnation]

Inconel...yeah nascar exhaust systems too...

[Huskrrrr]

We are way past having a possible soft landing.

[Ancesthntr]

3 years? Hahahahahahaha! At the rate that we’re getting involved in Ukraine, we’ll be lucky if there isn’t a full-scale nuclear exchange by Summer.

[Ancesthntr]

Interestingly, the metal value of a nickel with today’s price increases is almost exactly $0.09.

[grey_whiskers]

“221 fuel units lost. You just created a two mile crater “

They ought to name that thing the SS Biden.

[Auntie Mame]

Do you know what year they quit putting nickel in our nickels?

[Ancesthntr]

“Do you know what year they quit putting nickel in our nickels?”

---

Mid-1942 through 1945. Then the mint returned to the standard composition of 75% copper and 25% nickel. They are STILL making it that way, so every single nickel except the ones mentioned above are worth at least $0.09 in melt value (though it is illegal to melt them, at least now); the ones above were made with 35% silver, and are currently worth about $1.41 each...and, yes, you can still occasionally find one in circulation, though they are very rare. To do that, you need to buy boxes of nickels on a regular basis ($100 for 50 rolls) and hope that the bank gives you circulated coins instead of brand new stock from the Mint.

[Auntie Mame]

Thank you. Great info. I thought the newer nickels didn’t have nickel in them because they sure feel different than the older ones, e.g., 1990s, etc.

[SaveFerris]

Cough before the midterms cough /shiny side out

[Tallguy]

Batteries? Nickel is an important allowing element to stainless steels. We don’t absolutely need electric cars.