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2s10s Inverts, Stocks Sink After Unemployment Rate Tumbles, Earnings Jump

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by Tyler Durden
Friday, Apr 01, 2022 - 12:49 PM

Despite a disappointing increase in payrolls, the drop in the unemployment rate coupled with the rise in average earnings (inflationary) has prompted stocks to trim gains ahead of the open...

And sent the yield curve (2s10s) into inversion (-2bps)...

Rate-hikes odds are rising as are rate-cut odds after that...

Perhaps most ominously, the 2s10s curve is expected to be inverted by 45bps in one year from now...

This is what the yield curve is expected to look like one year out...

50bps hike incoming!!

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