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The 10-year Treasury yield hit 4.70% today, and the 2y10y spread is back to where it was in March 2023 during the regional bank crisis. Unlike then, however, econ consensus is for a resilient economy, not recession. Is 4.80% next? pic.twitter.com/pK1QY5LAPQ

— Liz Young (@LizYoungStrat) October 2, 2023