Those waiting for a 3-month to 30-year inversion have to wait no more.

Unsplash

The 3-Month T-Bill yield hit 4.22% early this morning. At that time the 3-Month to 30-Year inversion was about 9 basis points. 

Chart from Investing.Com annotations by Mish

The chart above still shows the inversion, just a bit less. 

So much for the idea the Fed would steepen the curve. 

If the Fed could prevent inversions or recessions we would not have inversions or recessions. 

In this case, I suspect the Fed actually wants a mild recession but can never say that.

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