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But we saved everything 🙂.
Liz Thomas points out that while attention has focused on the yield curve flattening following yesterday's Federal Reserve statement—marked by a rise of approximately 10 basis points in the 2-year yield and a flat 10-year yield—the flattening trend has actually persisted for a month.
Her observation suggests that the current yield curve movements are not limited to recent policy announcements but are part of a broader pattern seen over recent weeks.
Earlier this week, Thomas said the Federal Reserve committee adopted a slightly hawkish tone ahead of its meeting. She recently reported that the U.S. personal savings rate dropped to 2.6 percent in April, the lowest since June 2022. These observations come as investors continue to parse shifts in economic data and central bank policy.