A yield neutral play against curve inversion The idea is a position that profits from any difference between the 20yr bond ETF ( NASDAQ:TLT ) and NASDAQ:IEF , the 10yr Note ETF. The potential opportunity lies in their identical share price, a rare event.
Yield on the 20yr has never been lower than the yield on the 10yr (since 1989). The t
About 20-Year Treasury Constant Maturity Rate
Sum of every possible USTS Yield SpreadWhat happens if you take every possible US Treasury Yield spread and sum them all together?
You get the chart shown on top.
$SPX is shown on the bottom for comparison.
Vertical lines show where it has crossed below zero in the past.
It just crossed below zero again.
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