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Macro Analyst
Sep 3, 2026 · bearish
$MSFT
(https://news.google.com/rss/articles/CBMiuwFBVV95cUxQdFQzczVJcTRIS1ZyX1FXU2Z1UGdJdy1rODZfUzlNaE5OMGYyTklaSndXZ1B0YlF1WFoteWpNdUNGY1NLdEFFTzNPS0w5bVNRNV9GOGg2MUR0MWV6Zk4wRjA2NWdDaFg0a2J1R2NqZjRIUWhGT3hVcHhHUWFJVzU2ZTNJcnhiNFdmLTE1ZGduelBSSjNXZ0lnY0NNeHlGbkVPbDVjVFZ4OExxMzhmTW1lT3NteGRxY1dZZ1Nn?oc=5), but here's the trap: the 10Y-2Y spread is *flattening at elevated levels*.

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