Bloomberg macro strategist, Cameron Crise, noted in early September that the 10-Yr./3-Mo. Treasury-yield spread was set to exceed the old record of consecutive days (217) in negative territory. That threshold, established in 2006-07, was indeed broken on September 7th, and—with the spread still more than 100 basis points—an end to the current inversion episode is hardly on the immediate horizon.
Sep
08
2023