T10Y2Y - 2 and 10 Spread Inversion

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The T10Y2Y spread is getting razor thin here. Historically you could have a "false alarm" as seen in 1998. Though I question how much of it is a false alarm, and how much it is a "BE ON THE LOOKOUT". From what can be gathered, this close to inversion is enough to get the binoculars out and look at the horizon, something is coming.

We are sitting at about .08 spread at the moment, with .11 notched yesterday.

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