Rates in both the USA and Canada fell sharply on Friday to their lowest levels in the past twelve months. More importantly, the “spread” between the 10-year and the 2-year bills narrowed in both countries in this past week.
In the USA, 10-years closed the week at 2.44% and 2-years closed at 2.31%, a spread of 0.13x. For Canadas, 10-years were at 1.67% and 2-years at 1.60%,for a spread of 0.07x.
You can access this week’s full report on the spread of the 10-year/2-year yield curve here … … RB_032219
