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

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 more snake oil??

honestjanets

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