U.S. 10Y-2Y Yield Curve vs. U.S. Excess Liquidity (Leading Indicator)

U.S. excess liquidity tends to lead the U.S. 10Y-2Y yield curve by 9 months.

Image: Variant Perception Research

U.S. 10Y-2Y Yield Curve vs. U.S. Excess Liquidity (Leading Indicator)