Treasury Yield Curve Tracker
Treasury futures spread analysis with Austrian business cycle phase interpretation.
Current Yield Curve
2yr (ZT)
--
10yr (ZN)
--
30yr (ZB)
--
2s10s Spread
--
2s30s Spread
--
Austrian Interpretation
Steepening = credit expansion warning — short rates falling relative to long rates signals new credit creation.
Inversion = malinvestment peak signal — the market is pricing in contraction.
Normalization = liquidation underway — the correction is beginning.