Objects in the Rearview Mirror are Closer than they Appear

Oil is close to a bottom? Bonds have bottomed? Let's dig in!

If oil holds this level bonds have a problem!

Oil is holding and bouncing off of the 65 level. At the same time, we saw a rate cut.

This week the Fed cut rates by 50 basis points.

What the hell does that mean for the futures market?

Looking at the two year yield and the fed funds rate we can get a better perspective on why.