Yield Curve Inversion is at it's Deepest Point Since Before the Dotcom Bubble

Regardless of the what the Fed says or does the long end of the treasury yield curve (10s, 20s, 30s) continues to reject the inflation narrative. The yield spread between the 2s and 10s is now at it's most negative point since before the Dotcom Bubble more than two decades ago. As evidenced below the 2/10 inversion has been a consistently reliable recession indicator going back at least 40 years and the inversion itself has already occurred on two separate occasions since the beginning of the 2022.
The inversion of the 10s and 2s is now at it's deepest point since just prior to the https://t.co/Sw7omlaZxB Bubble; however the inversion that took place in 2006 lasted much longer than the current inversion (at least thus far). @JoeCarlasare @PayItForwardDad @AnselLindner pic.twitter.com/vwdltHrury
— moist_turtel (@moist_turtel) July 25, 2022
There has been no material change in the direction of the global economy and the high CPI print seems to indicate that the Fed will continue hiking rates, possibly inverting the yield curve even moreso. As a result, I expect a further leg down in not only equities but unfortunately Bitcoin as well. USD liquidity problems still persist within the eurodollar system with no signs of abating anytime soon.
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