Since an inverted Treasury curve occurs before a recession, the Federal Reserve may have to expend all remaining policy tools.
The US Treasury 10-year yield declined 10 bps today which is a large pop.
The Federal Reserve finally achieved an inverted Treasury yield curve for the first time since 2007.
The Federal Reserve, in the past, has reacted aggressively when the yield curve slope breached 0 slope. Aka, Snake and Nape (Snake Eye Missiles and Napalm).
It’s been a lovely *%*$#$$ non-recovery from the last recession. Just asset bubbles.