U.S. Treasury yield curve signals structural repricing of sovereign credit - KuCoin
U.S. Treasury yield curve signals structural repricing of sovereign credit - KuCoin
Source: KuCoin
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DW NOTE
The yield curve has been inverted for most of the past three years. Now it's positive 45 basis points with the 10-year at 4.67%. That's not a signal — it's the aftermath. The Fed cut rates while inflation ran at 3.5% headline and producer prices spiked above 5%. The repricing already happened; the curve is just catching up to the fact that real rates were negative for anyone who wasn't trading the pivot.