25 June 2024

THE YIELD CURVE IS CONFOUNDING MANY...What is notable is the LACK OF AGREEMENT on Why This is Happening


The US yield curve continues to confound many: Rather than dis-invert by now as many had expected, the 2s-10s curve is back at its December (more inverted) level of -50 basis points. What is also notable is the lack of agreement on why this has taken place: From those interpreting the curve as a warning about a US recession to those dismissing the curve's economic information content. #economy #markets #bonds #econtwitter
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