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Update on Yield Curve
Back in August I wrote: Don't Freak Out about the Yield Curve I noted that I wasn't even on recession watch! First, here is a graph of the current yield curve, and the yield curve back on August 27, 2019. The current yield curve (blue) is upward sloping (longer duration notes and bonds yield more than short term bills and notes). In August, the yield curve was inverted (red). However - as I noted in August - the Fed was cutting rates this year. And here is an updated graph of 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity from FRED. In mid-1998 the spread between the 10 year and the 2 year ... (full story)