US T-yield curve turns flattest in a decade, will it invert?

The spread or the difference between the 10-year Treasury yield and the 2-year yield has narrowed to 59 basis points; the lowest since Oct 2007.

The narrowing the spread is referred to as the yield curve flattening and is often considered as an advance indicator of economic slowdown.

Mike Shedlock from Sitka Pacific Management says, "we are not 4 hikes away from inversion as some think. Rather, we are likely one or two hikes away, or possibly even none. One bad economic report might cause inversion this year."

The closest to inversion is the spread between the 2-year yield and the 3- year yield (10.2 basis points).