Analyzing global fiscal and monetary policy using FRED and ECB data
US Treasury yields fell across the curve; 10Y-2Y spread narrowed to 60bp. ECB balance sheet shrank 0.88% while FRB expanded 0.40%.
US yield curve is steepening while the Euro area and Japan undergo gradual rate normalization. Three central banks' balance sheets total $13.38 trillion; money supply growth in US/EU remains near 4%.
