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Treasury Yield Curves Split, Raising Questions About What Comes Next for U.S. Economy

Executive Summary The Treasury market is delivering an unusually divided assessment of the U.S. economy. The 10-year/2-year spread narrowed to 39 basis points last week, down sharply from 50 basis poi

Executive Summary The Treasury market is delivering an unusually divided assessment of the U.S. economy. The 10-year/2-year spread narrowed to 39 basis points last week, down sharply from 50 basis points a week earlier and approaching its 2026 low of 22 basis points. At the same time, the 10-year/three-month spread stood at 83 basis points,...

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