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This morning, the 5/10-year yield curve flipped into positive territory for the first time in 9 months. A positively sloped 5/10 yield curve is our early signal of an imminent Fed pivot and catalyst to add equity exposure. Unfortunately, intraday levels don’t count and the curve now needs to sustain and confirm a positive slope by moving above +9bp.
By Jackson Square Capital, LLCThis morning, the 5/10-year yield curve flipped into positive territory for the first time in 9 months. A positively sloped 5/10 yield curve is our early signal of an imminent Fed pivot and catalyst to add equity exposure. Unfortunately, intraday levels don’t count and the curve now needs to sustain and confirm a positive slope by moving above +9bp.