While many have noted the inversion of the 3m-10Y segment of the US Treasury curve, mainstream investors appear more focused on the spread between 2Y and 10Y yields... and that has just inverted for the first time since May 2007. The spread between 3m and 10Y yields has been inverted since mid-May and reached its most inverted since April 2007 this morning... But now, the 2Y-10Y spread ha collapsed into inversion... For the first time since May 2007... All major segments of the curve are now inverted. With 30Y below the EFF... And 30Y at record low yield at 2.05%, down 10bps overnight... The strongest recessionary ... (full story)