
10yr/2yr Yield Spread Steepens to Highest Level Since the Boom
Here is the up close view of the spread, which continues to steepen since the summer mini-inversion. May be nothing, probably is something. And that something would mean changes for 2020, as per the ongoing NFTRH view. While a steepening curve can feature deflationary or inflationary pressure, the current situation is deflationary. The question being, will there be an unexpected shift to inflationary in 2020? … Continue reading 10yr/2yr Yield Spread Steepens to Highest Level Since the Boom