$TED - Monthly

Treasury Eurodollar spread in aggregate on a monthly basis is saying lower interest rates are in the cards, as treasury bill prices rise against the Euro. But we are at the zero bound, and encountering the zero bound problem. But the Euro continues to deteriorate against the $U.S.

http://schrts.co/AEMrvC

via Muddy Waters Macro - Zero Bound Problem

The zero bound was not a problem for the ECB:

https://muddywatermacro.wustl.edu/zero-bound-problem

$IRX Monthly

Interest rates are at 0.003 or below, not @ 0.03, as indicated on the chart. We used to see weekly closes at this level, now we're seeing monthly closes.

Interesting to note that the decline of interest rates supported markets for over a generation.

http://schrts.co/3CCExX

$TNX:!PRII Monthly

This indicator shows us that gold prices are exactly where they're meant to be. A reversal of commodities and bonds have hampered any advance. Very likely a decline of the U.S. Dollar will result if rates go negative, which would add to gold's $U.S dollar price.

A further decline in rates in Canada, or another volatile shift in forex will force the Bank Of Canada's hand:

http://www.cnbc.com/id/100013943

http://schrts.co/AAW6Ww

- F6