Part 4/8:
As of the latest updates, the yield on the ten-year U.S. Treasury was at 4.29%, marking a low not seen since December, while the two-year Treasury dipped to 4.08%, a low since October. The critical 3-month versus 10-year Treasury spread has reverted to inversion, a clear indication from the market that the Federal Reserve is behind the curve yet again. This inversion serves as a warning bell for future economic performance, suggesting that financial markets are bracing for deteriorating economic conditions and the likelihood of future interest rate cuts.