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

Jon Economy

Despite nearly being at ‘full employment,’ labor costs continue to drop in the USA.
On this news and the lack of nonfarm labor productivity, the US Treasury 10Y-2Y yield curve slope fell below 90 basis points.

This post was published at Wall Street Examiner on August 9, 2017.