2-year note yield fell below 10-year yield, signaling normal yield curve and possible Fed rate cuts.
The U.S. 2-year note yield has fallen to 3.79%, less than the 10-year yield, marking a return to a normal yield curve for the first time since July 2022. This shift follows a weak job openings report, suggesting the Federal Reserve might cut interest rates soon. While historically, inverted yield curves signal recessions, the current un-inversion does not ensure economic stability, as challenges may still arise.
September 04, 2024
26 Articles