$TLT the 10 year-3 month spread is now just .04 bps from inverting. This is the yield inversion metric the Fed has cared about in the past. Reminder from 2 weeks ago: Fed's Bullard Says He Takes Yield-Curve Inversion Seriously As A Signal - ‘This Time Is Different On Yield Curve’ - July 15, 2022 The spread was at 0.56 then. He better hope he's right, as the situation is only getting worse.
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