According to Jinshi, Bank of America analysts Ralph Axel and Katie Craig pointed out in a report that the inversion of the U.S. Treasury yield curve (short-term bond yields are higher than long-term yields) is the longest on record. The 2/10-year Treasury yield curve has been inverted for 482 trading days, reflecting the market's continued postponement of the Fed's expectations for rate cuts. Analysts said that as long as this situation continues, the curve will remain inverted, and "the slower the Fed cuts interest rates, the longer the market's expectations for further rate cuts in the future can be maintained."
