treasury yield curve flattest since 2007. that's not good. And will get flatter next month if the fed raises rates
but it's not flat: 0.93%
My position has been for a long time that the Fed is a trend follower, not a trend leader. And if you look carefully with a 1 year chart above, you will see that the 30-day reached 0.29% on 12/7/2015, the week before the Fed (ahem) "hiked rates" in December. If you look at the last 2 weeks, the 30 day rate has gone from 0.16 to 0.35, and if this continues for the next 2 weeks, the MARKET, not the Fed, will have hiked rates by another 0.25%.
Also, if you look at the maximum time period above, you will see that 10 year rates, and to a lesser extent, 30 year rates, have been in a steady decline angle since 1992. Inflation is going down, with or without the Fed, and the idea that they are somehow going to get inflation up beyond 2% is simply a pipe dream unless we see wages or government spending on infrastructure up substantially.