Summary
- The negative 2-year/10-year Treasury spread has now persisted for 125 trading days, widening this week to a negative 91 basis points.
- Friday’s implied forward rate curve shows a quick rise in 1-month rates to an initial peak of 5.02% versus 5.00% last week.
- Rates finally peak again at 4.84%, compared to 4.64% last week, and then decline to a lower plateau at the end of the 30-year horizon.
- Downloadable 10-year distributions for 3-month and 10-year Treasury yields are attached.
For further details see:
Weekly Forecast, Dec. 23: Long-Term Forward U.S. Treasury Peak Jumps 0.20%