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Treasury Curve Collapses To Pre-Trump Flats, Banks Don't Care

It's not NIM stupid...

The UST 2s30s curve has tumbled flatter and is now below election night flats - banks don't care...


And the absolute level of real yields have plunged back to earth as Trumpflation bets fade fast.

Please... please... STFU with the "banks are surging due to steepening yield curves helping NIM" narrative... this is all about allowing the bank execs out and deregulation (and releveraging) hope.