FYI: Wall Street strategists are continuing their soul-searching about the flattening yield curve.
The latest dive into the topic comes from Joseph LaVorgna, chief economist of the Americas at Natixis SA. He points out that the yield spread between two- and 10-year Treasuries has fallen this year to the lowest in a decade, even as expectations for Federal Reserve rate hikes, as measured by overnight index swaps, have rebounded to about where they were in December.
Regards,
Ted
https://www.bloomberg.com//news/articles/2017-11-07/bond-market-phenomenon-unseen-since-04-explains-curve-conundrum
