Gold Rises, Dollar Declines, Cryptos Quiet On Third Day Before Christmas (10Y-2Y Treasury Curve Back To Pre-Biden Slope) – Confounded Interest

With just three days until Christmas, we are seeing gold (gold line) rise, the US Dollar (green line) fall and the major Crytos Bitcoin and Ethereum remain quiet.

And the US Treasury 10Y-2Y slope is back to where is started when Biden was elected.

The University of Michigan consumer survey numbers are out tomorrow. Let’s see how they look. Or will they simply be anticipating Michigan playing Georgia in the Orange Bowl??