As noted yesterday, the only other time on this chart when the 2-year yield was below the FF rate and above the 10-year yield was in 2000.
Thursday, September 28, 2006
Yesterday
Here's yesterday's chart with the S&P 500 added, and the FF Rate/2-YR spread flipped around to represent the amount that 2-year treasuries yield over the target FF rate:
As noted yesterday, the only other time on this chart when the 2-year yield was below the FF rate and above the 10-year yield was in 2000.
As noted yesterday, the only other time on this chart when the 2-year yield was below the FF rate and above the 10-year yield was in 2000.
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