Lol this is like the 5th one of these I've seen in the past week. Every fintwitter person has their yield curve hat onhttps://twitter.com/TheStalwart/status/1162144419015012352 …
My preferred explanation is something like: A bond trader spills the blood of a newborn fawn over the minutes of the Fed, and if at the end of the ritual they percieve dark magicks, they sell their 10yr T bills. Eventually they become clairvoyant & predict a recession.
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First, you gather bones from a crypt, crucially including an intact skull and ribs. Next, you place a dead heart in the ribs and chant “Sweet Mother, Sweet Mother, lend me your ear” until the Night Mother sends someone to tell you how likely a recession is. Super simple stuff.
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It's the most fun the rates desk will have all year! (Well, that and comp time lmao)
End of conversation
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