Yeah,less than expected as well.
And when you look at the US yield curve the one,two and three months yield are almost the same and then the six month is inverted to the 2yr,3yr and 5 year.
Then the 1yr is inverted up to the 7yr with the 1 month yield at 2.44 and the ten year at 2.69
The short end is still rising while the long end is still falling.
A recession looms or has already arrived.
No point looking at the European bond market as it bears about as much reality as some of the trolls posting here.
