2 ms·
Not quite - see https://fred.stlouisfed.org/series/T10Y3M https://fred.stlouisfed.org/series/T10Y3M for reference. The grey areas are recessions, and values bel
by tfehring 8y ago
Not quite - see https://fred.stlouisfed.org/series/T10Y3M https://fred.stlouisfed.org/series/T10Y3M for reference. The grey areas are recessions, and values below 0 are inversions.
To address the GP’s point, the relationship could be fabricated, but the data don’t indicate that that’s happening.