Now, here is something you don’t see everyday.
The US Treasury actives curve has inverted at the 6 month mark.
Bur the US Treasury Inflation Indexed Curve is REALLY inverted at 3 years. To near 0%.
This follows of the poor TIPS auction that showed little interest in inflation protection.
Of course, we are waiting for Congress to raise the Federal debt ceiling (which they invariably will) because Congress LOVES to spend your money. The US Federal debt to GDP rose from around 60% in late 2007 to 104% today.