US yield curve down by 80% this year

Since the start of the year, the US yield curve (10y-2y) is down by a whopping 80%. While the Canadian 10y-2y curve is not far behind (-75%). The market is buying into the thesis that both CBs got ahead of themselves. Interesting to see NZ curve barely budged since early Q2.
Trend AnalysisUS10Yusyield

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