we are once again flirting with a market that is trying to invert the curve.  

yesterday the 2 yr and 5 yr were both at about 1.44 %

today the short term fed funds rate is 1.5-1.75 ,  the IRX is 1.53,  the 2 yr and 5 yr is about 1.36, and the 10 yr is 1.52 

so the 10 yr is not below the 2 yr,  but it is at the lower range of the fed funds range.