FLAT - Upside Down... The Yield Curve Inverts
By Kevin Flanagan
Last week, the big news was that the U.S. Treasury (UST) 3-month/10-year yield curve became inverted for the first time since 2007. It is certainly a noteworthy development in bond-land. As of this writing, the closely watched UST 2-year/10-year spread is still on the positive side at 15 basis points.
Here are some quick insights:
The effect of last week's Federal Reserve (Fed) meeting is still resonating, with any economic data being viewed through that prism accordingly.
The catalyst for this latest inversion may have been the continued soft performances of the