Ultra low to negative interest rates and mass government bond buying. The 10 and 2 year interest rate have not been meaningfully set by the market since 2008.
It is still a red flag, but a well known enough red flag that the treasury and fed will change their issue / buying bond behaviours in order to maintain a positive slope.
It is still a red flag, but a well known enough red flag that the treasury and fed will change their issue / buying bond behaviours in order to maintain a positive slope.