Could anyone explain how “10 yr-2yr is 15 bps below the mid-cycle slope of 65 bps” signifies that we are in late expansion? Also what is mid-cycle slope?
Where did you see this?
In one of the whatsapp group.
Have you asked them for an explanation?
Author removed the question before anyone can respond? I just saw these lines.
I’d ignore it.
Concentrate on the curriculum.
Yeah. Makes sense.