Near Full Inversion: 10-Year Note Inverts With 1-Month T-Bill

The yield curve nears full inversion. Every duration higher than 1-month other than the 30-year long bond is inverted.

Those waiting for a full inversion before worrying about recession can start worrying today.

Yield Curve Spreads

There are too many inversions for me to draw all the arrows. Suffice it to say the 10-year note has now inverted with the 1-month T-Bill.

And from the 5-Year Note through the 1-month T-bill, every duration level is inverted with every duration level beneath it.

We have near-full inversion except for the 30-year long bond.

Recession Time!

This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.