US Treasury 10Y-2Y Slope Falls Below 90 Basis Points As Labor Costs Drop

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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Despite nearly being at “full employment,” labor costs continue to drop in the USA.

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On this news and the lack of nonfarm labor productivity, the US Treasury 10Y-2Y yield curve slope fell below 90 basis points.

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Time for some snake oil??

honestjanets

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