Every duration from 1-year through 10-years is inverted with 1-month yields.

Yield Curve Inversions

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I count 22 inversions.

In some previous posts I incorrectly had the Fed Funds rate at 2.50. The Effective Fed Funds Rate today is 2.41. It has been either 2.41 or 2.40 for over a month.

Yield Curve in One Picture

The yield curve is inverted between 1-year and 13-years.

Mike “Mish” Shedlock