It's not just USTs. Rates are falling all over the world faster in shorter maturities than long. That means a global wave of un-inversions and bull steepening right as more and more central banks plan to accelerate their own rate cutting. All of it for the same reason. Globally synchronized.
CHECK OUT EURODOLLAR UNIVERSITY's FALL SALEhttps://www.eurodollar.university
Eurodollar University's Money & Macro Analysis
NBB Is a recession imminent? The signal of the yield curvehttps://www.nbb.be/doc/ts/publications/economicreview/2019/ecorevi2019_h4.pdf
Bloomberg Riksbank Cuts Rate Again and Opens Door to Half-Point Movehttps://www.bloomberg.com/news/articles/2024-09-25/riksbank-cuts-rate-a-quarter-point-and-opens-door-to-bigger-move