Inversion (Again)!

By Menzie Chinn of Econbrowser

Saturday, May 25, 2019 6:48 PM EDT

Figure 1: Treasury 10yr-3mo spread (blue), 10yr-2yr (red), 5yr-3mo (teal), in %. Source: Fed via FRED, US Treasury.

Figure 2: Treasury 10yr-3mo spread (blue), 10yr-2yr (red), 5yr-3mo (teal), in %, in 2019. Source: Fed via FRED, US Treasury.

Over the last month, the 10yr-3mo spread has averaged 4 bps — so not quite inversion on a monthly basis.

Disclosure: None.

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