MUFG Lays Out Map for U.S. Curve Inversion Beginning in December

  • 10-to-30-year Treasuries to lead the way, Herrmann predicts
  • 5-to-30-year spread set to follow, along with 2-10 gap
Traders work on the floor of the New York Stock Exchange.Photographer: Eric Thayer/Bloomberg
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It’s a no-brainer that the Treasuries yield curve is on a crash course to inversion.

That’s the take from John Herrmann of MUFG Securities Americas Inc., who has a road map that lays out the timing for when yields on certain maturities will turn upside-down.