The spread between the 2- and 10-year Treasury is the most negative, or inverted, it’s been since the early 1980s.
The gap – 81 basis points in early action on Wednesday – surpasses the experience of both the 1990 and 2001 cycle, though it’s still well short of that seen in the days when Paul Volcker was Federal Reserve chair.
Jeff
The ship is turning. We are moving from supply side economics to demand side again.
The gap – 81 basis points in early action on Wednesday – surpasses the experience of both the 1990 and 2001 cycle, though it’s still well short of that seen in the days when Paul Volcker was Federal Reserve chair.
Hello
is more predictive
and went more negative than currently on
2001-01-02
1982-02-16
and similarly negative on
2000-12-(many days), 1982-02-17