Essendy

Yield to SPX Comparison

Long-term view of rates compared to SPX. Orange line is SPX, green line is 10 year yield, blue line is 10 year yield minus 2 year yield. Red vertical line indicates when the spread (10yr - 2yr) crossed back above 0 after dropping below. Historically, the curve has uninverted when yields dropped. I'm curious to see what happens if the curve uninverts with rates still rising.

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