10-Year/2-Year Treasury Yield Curve Around First Fed Rate Cuts The U.S. yield curve typically steepens once the prospect of interest rate cuts by the Fed becomes more imminent, rather than when the Fed actually stops hiking rates. Image: Goldman Sachs Global Investment Research
U.S. 2-Year Treasury Yield – Weekly Chart Technical analysis suggests that the 2-year U.S. Treasury yield is projected to decline by the end of 2024, with a potential target between 3.50% and 3.29%. Image: BofA Global Research
U.S. Rates – 2-Year and 10-Year Treasury Yield Forecasts BofA still forecasts the 10-year UST yield at 4.25% and the 2-year UST yield at 4.00% by year-end 2024, suggesting the possibility of a downward trend in borrowing costs. Image: BofA Global Research
Fed Funds vs. 2-Year U.S. Treasury Yield (Leading Indicator) The 2-year U.S. Treasury yield below the fed funds rate indicates that the Fed’s monetary policy is currently restrictive, which could potentially lead to a slowdown in economic growth. Image: Morgan Stanley Research
Fed Funds Rate vs. 2-Year U.S. Treasury Yield The 2-year U.S. Treasury yield below the fed funds rate indicates that the Fed is restrictive. Image: Morgan Stanley Wealth Management
Yield Curve – U.S. 10-Year – 2-Year Government Bond Spread Historically, the re-steepening of the 10Y-2Y U.S. Treasury yield curve from the trough has preceded recessions. Image: The Daily Shot
U.S. 10-Year – 2-Year Yield Curve Historically, the re-steepening of the U.S. 10Y-2Y yield curve from the trough has preceded recessions. Image: Morgan Stanley Research
3-Day Change in U.S. 2-Year Treasury Yield The U.S. 2-year Treasury yield experienced its biggest three-day drop since October 1987. Image: BofA Global Investment Strategy
Germany 2-Year Government Bond Yield The German 2-year government bond yield, considered to be the most sensitive to European Central Bank (ECB) policy rate expectations, continues to rise. Image: The Daily Shot
Germany 2-Year Government Bond Yield The German 2-year government bond yield, considered to be the most sensitive to European Central Bank (ECB) policy rate expectations, hit a 14-year high. Image: BofA Global Investment Strategy