CHART OF THE DAY: Deep #Quad4 Signals

Look at the shape of the US Treasury Yield Curve:

A) Rate Hike Expectations (for 2022) just ramped right back up to 6.48 hikes (vs. 5.89 yesterday)
B) UST 2yr Yield just popped back up to 1.61% (vs. 1.50% at this hour yesterday)
C) UST 10yr Yield is only +2 basis points higher day-over-day to 1.96%

ABC = +35 basis points wide on the 10s/2s Spread = a new #Quad4 in Q2 Cycle Low.