The 2s10s Treasury curve inversion reached a fresh cycle low on Wednesday, as the 10-year yield dropped by about 12 basis points to a monthly low of 3.419%. U.S. 2s10s last at -84.90 basis points
The 3m/10-year yield inversion also pushed further to a cycle low of -91.02 basis points
U.S. Treasury curve has not been this inverted since the 1980s
A measure of dollar interest rate spreads is extending declines on the session, the Bloomberg dollar index rate spreads is now at lowest since mid-October
Bloomberg had reported Treasuries volumes spiking as Putin warned that the probability of a nuclear war was rising. We also saw data for labour costs and consumer credit today
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