Why the 3-Month to 10-Year Spread Is Positive Again

The yield curve has been inverted for over two years, but in early June 2026, the spread between the 3-month T-bill and the 10-year Treasury turned positive for the first time since October 2022. Lucas and Luna break down what that shift means — not as a recession signal, but as a window into how the bond market is repricing expectations for Fed policy, inflation, and economic growth. They walk through the mechanics of the 3-month to 10-year spread, why it matters more than the 2-10 spread for some investors, and what the current 4.55% 10-year yield versus 3.78% 3-month bill yield tells us about the next six months. No clickbait, just the numbers and what they imply for fixed-income strategy. #3MonthTBill #10YearTreasury #YieldCurve #Spread #BondMarket #FixedIncome #Treasuries #FedPolicy #InterestRates #Inversion #Normalization #RecessionSignal #Economics #FexingoBusiness #BusinessPodcast #BondMarketPodcast #LucasAndLuna #June2026 Keep every episode free: buymeacoffee.com/fexingo