The Yield Curve ‘Un’Inverts, Well Sort Of
The UST 2-Year/10-Year yield curve has recently shifted into positive territory, while the UST 3-month/10-Year curve remains deeply inverted. This week on a special episode of the Basis Points podcast, Kevin Flanagan discusses the divergence between the curves, and highlights market expectations on future Fed rate cuts and the potential for a steepening trend ahead.
Basis Point: 1/100th of a percent.
The skinny
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