EFTA Document EFTA01362020

4 September 2015 US Fixed Income Weekly "dirty" relent, which is to keep October and December FOMC dates in play. In this case 2s55 could steepen slightly but such a move would be short lived and limited in magnitude, if not for a hyped expectation of an October liftoff it would be because China's FX intervention flows continue to exert a flattening pressure on the curve, which we discussed earlier in this note. fern I y-2y2y as a leveraged proxy for 2s5s spot 200 1 -Ctody-2y2y (IeIt ax