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

-edited

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
No. 1-5
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

KidHorn
KidHorn

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

Mary Pat Campbell
Mary Pat Campbell

Yuck.

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)

mark0f0
mark0f0

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