Treasury 10Y-2Y Slope Falls To 42 Basis Points

By Anthony B. Sanders

The Freddie King “Going Down” Curve

With The Fed intent on raising the short end of the yield curve and not quite committed to raising the 10 year T-note yield (through a glacial unwind spreed), we have a yield curve slope that is going down.

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Here is the 10Y-2Y slope since 1977.

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Thanks to Robert Norris for the Springsteen replacement.

At least gold is up since late 2015.

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Gary

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