The 10→5→2 yield spread is up big today with all durations dropping. Not a risk ‘ON' alignment at all.
10, 5 & 2 year yields from Bloomberg
For perspective, here is what the 30 vs. the 5 year looks like today…
The 10→5→2 yield spread is up big today with all durations dropping. Not a risk ‘ON' alignment at all.
10, 5 & 2 year yields from Bloomberg
For perspective, here is what the 30 vs. the 5 year looks like today…