U.S. 10Y-3M Yield Curve and Fed Funds Target Rate

U.S. 10Y-3M Yield Curve and Fed Funds Target Rate Historically, the Fed doesn’t pivot policy until a recession arrives and the 10Y-3M US Treasury yield curve inverts. Is it really different this time? Image: Morgan Stanley Wealth Management

The 10Y-3M Yield Curve

The 10Y-3M Yield Curve Historically, an inverted yield curve has been an excellent predicator of economic recessions in the United States. Image: Bianco Research

FMS Investors and 10Y-3M Yield Curve

FMS Investors and 10Y-3M Yield Curve FMS investors are expecting a steeper yield curve. At 73%, this is an all-time high. Image: BofA Global Fund Manager Survey

U.S. Corporate Profits and 10Y-3M Yield Curve

U.S. Corporate Profits and 10Y-3M Yield Curve While the divergence between large-cap profits and the rest of the economy is the widest on record, the steepening yield curve suggests an earnings rebound. Image: BofA Global Research