Weekly Market Recap – September 30, 2024
After 26 months of inversion, the yield curve, measured by the spread between the 2-year and 10-year Treasuries, has returned to its normal upward sloping form. Since the July Jobs report, the curve has bull steepened, meaning the 2-year yield has fallen faster than the 10-year yield, causing it to un-invert earlier this month. The Federal Reserve’s recent 50 basis point cut accentuated this move, albeit in a slightly different manner
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