06/23/2026
What Message Is The Treasury Bond Yield Curve Sending To The Markets?
Something curious happened in the Treasury market yesterday.
With no economic data to drive it, the 10-year yield climbed 6.4 basis points to 4.51%, and the 2-year rose 5 basis points to 4.23%, even as WTI crude oil dropped over $2 a barrel to $74.59.
Falling oil is typically disinflationary, which should put downward pressure on yields. Instead, yields went the other way. The bond market is trying to tell us something, and it's worth listening to.
Read the entire story in our article at Substack here https://open.substack.com/pub/hallmarkabsservice/p/what-message-is-the-treasury-bond?r=nlt9&utm_campaign=post-expanded-share&utm_medium=web.
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