The yield curve is almost on the verge of inversion. This is market way of saying that Fed has overshot on the rate hikes and who knows the next move is a rate cut?
US 10-Year minus 2-Year Yield… Feb ’09: 1.92%
Feb ’10: 2.85%
Feb ’11: 2.77%
Feb ’12: 1.64%
Feb ’13: 1.72%
Feb ’14: 2.43%
Feb ’15: 1.44%
Feb ’16: 1.04%
Feb’ 17: 1.24%
Feb ’18: 0.71%
Today: 0.14%
