SPEU - Rates Spark: Looming Inversion On US 5/10yr Signals An Untamed Boom Not A Recession
- As the US 10yr shot above 2%, the US 5/10yr was quietly flattening into single digits.
- If it inverts, this tells us that we are at the beginning of some serious rate hiking and signals an untamed boom.
- The ECB is starting to feel uncomfortable as the market runs ahead.
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Rates Spark: Looming Inversion On US 5/10yr Signals An Untamed Boom, Not A Recession