CHART OF THE DAY: The US 2-10 Spread Is Currently At It's Lowest Since 2000 (Updated)

09/15/22 07:52AM EDT

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough. 

If the head-nodders-in-high-places don’t have the attention span to read my numbers, tell them to look at the Yield Curve:

A) UST 2yr Yield just ramped to new Fed Hike Cycle Highs of 3.82%
B) Yield Curve (10s minus 2s) just collapsed to a -38 basis point inversion

The ONLY other time the UST Yield Curve was this inverted was coming out of the 1999-2000 GROWTH Bubble. The Fed was too tight back then too. Greenspan eventually figured it out and turn-tailed dovish, but #Quad4 didn’t go away. Stocks continued to crash.

CHART OF THE DAY: The US 2-10 Spread Is Currently At It's Lowest Since 2000 (Updated) - sp1

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.