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With the Fed more or less in complete control of the yield curve, nobody really talks about this...
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Thursday, October 4, 2012, 1:21 PM ETWith the Fed more or less in complete control of the yield curve, nobody really talks about this anymore, but the 2/10 spread (the 10-year Treasury yield minus the 2-year) is at about 140 basis points - far above the flat to negative reads typical ahead of a recession, writes Eddy Elfenbein. With the 2-year at 0.25%, does this indicator still matter?
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