July 21, Capital Economics senior market economist James Reilly said in a report that the spread between 10-year and 2-year US Treasury yields is expected to narrow further in the coming months and could lead to an inverted yield curve. We believe that the ongoing tensions in the Strait of Hormuz could cause a complete inversion of the yield curve. With the surge in 2-year real yields, real yields are driving the flattening of the yield curve. As investors' expectations for interest rates rise further, we expect the 2-year and 10-year Treasury yield curve to flatten in the coming months. (Jin Shi)
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Capital Economics: US 2-Year to 10-Year Treasury Yield Curve Likely to Flatten Further in Short Term
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