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
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
Gee, do you think the bond market expects the FED to start cutting rates?
Yuck.
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)
Mish, has the curve ever uninverted itself without central bank policy intervention?