One More Hike To Inversion - Treasury Curve Plunges To Flattest Since July 2007

One more rate hike and it would appear the entire curve out to 10Y maturity will be inverted...

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2s30s is testing down towards 40bps, but 2s5s dropped well below 20bps 

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And 2s10s is now below 30bps for the first time since July 2007 

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Remember 9 of the last 10 curve inversions have rapidly presaged a recession (and the last two curve inversions saw the stock market cut in half).