
Key points
2s10s change in bps around the first Fed hike since 1970 | The September 2026 path mirrors 1997's one-and-done, not the historical average's drift toward inversion
Image source: @VrntPerception

2s10s change in bps around the first Fed hike since 1970 | The September 2026 path mirrors 1997's one-and-done, not the historical average's drift toward inversion
Image source: @VrntPerception