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Starting in the middle of 2022 and until late 2023 the 2-year Treasury Note yield/interest rate was greater than the 10-year Treasury Note yield/interest rate.
Starting in the middle of 2022 and until late 2023 the 2-year Treasury Note yield/interest rate was greater than the 10-year Treasury Note yield/interest rate. This is contrary to the normally expected that longer term Treasuries will provide higher yields compared with shorter term Treasuries. What is the reason for this happening? Do investors expect a recession? Please elaborate.
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