US Yield curve inverted by almost one point


The unexpected US retail sales data triggered a sharp rise in yields, especially the 2-year UST, which reached almost 4.70%, pushing the inversion of the 2s10s curve above 90 bps for the first time since the early 1980s, and extending expectations of Fed tightening into the summer. The swap market was even discounting an interest rate peak of 5.30% in July.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.