Yield Curve Update: 10-Year vs 1-Month Inversion Persists

The yield curve inversion persists and even widened, selectively.

Every duration from 1-year through 10-years is inverted with 1-month yields.

Yield Curve Inversions

I count 22 inversions.

In some previous posts I incorrectly had the Fed Funds rate at 2.50. The Effective Fed Funds Rate today is 2.41. It has been either 2.41 or 2.40 for over a month.

Yield Curve in One Picture

The yield curve is inverted between 1-year and 13-years.

Mike "Mish" Shedlock

Comments (6)
No. 1-5
mark0f0
mark0f0

Mish, has the curve ever uninverted itself without central bank policy intervention?

stillCJ
stillCJ

Editor

T-bills offered at this moment at 3-mo 2.350 and 10-yr 2.395. Not quite inverted. The 9-mo T-bill is also 2.395. (per Tradeweb dealer network)

Mary Pat Campbell
Mary Pat Campbell

Yuck.

KidHorn
KidHorn

Gee, do you think the bond market expects the FED to start cutting rates?

BeVeridge
BeVeridge

I keep an eye on Treasury 4% 2060 as a proxy for the UK long term rate of interest.Currently £180 odd,will get to £200 think I.Issued in 2009 I believe