People are buyin' a fuckton of 2yrs for two reasons, yield, and owning the pivot for the Fed's first ease in the next cycle, and hate 10yrs. Also, selling 10yrs to finance long 2yrs, because that's a "hedged" trade and therefore requires pennies for margin. Curve Inversion is ONLY an indicator of today's sentiment of that mkt's participants. Nothing moar.
YTD
Elon Musk
@elonmusk
This is the quality of humor we want from Grok
https://twitter.com/elonmusk/status/1792697418208956746