Bank Reserves About to Cross $3 trillion Crisis Threshold

We should know by Thursday next week.

10Y-3M Yield Spread Within 2 Weeks of Normalization

As you can see below, the 10Y-3M yield spread is getting very close to normalizing. We're at minus 26 basis points, from minus 55 on October 21. At this rate, in two weeks, we will be above zero.