The long end of the yield curve rallied strongly on Tuesday with the middle of the curve pricing in more hikes by the Fed. More inversions signal a recession sooner rather than later.
by Mike ‘Mish’ Shedlock
The highly watched 2-10 spread was positive 6 basis point (2.41 minus 2.35) as of the close on March 29 having briefly inverted (negative) intraday.
Yield Curve Spreads Since January 2021
[…] About a year ago the 2-10 spread was 159 basis points and is now just 6 basis points.
Yield Curve Spreads Since January 2022