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

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

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

nonfarmlaborcosts

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

210yc080917

Time for some snake oil??

honestjanets

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