The US treasury's situation is getting dire.
The 3-year yield is more than the 5-year yield. This means the 3-5 year yield curve has inverted.
The 2-year yield is also more than the 5-year yield. This means the 2-5 year yield curve has also inverted.
The short-term yield curves have inverted and these short-term yield curve inversions will lead to the 2-10 year yield curve to invert too.
The 2-10 yield curve is the pre-eminent recession indicator.
https://sg-stock.blogspot.com/2018/12/the-us-3-year-and-5-year-yield-curve.html
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The FED rate hike in Dec 2018 will cause more yield curve inversion because the interest rate hike affects the short-term US treasuries.
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