The U.S. Treasury yield curve, specifically the spread between the 10-year and 2-year yields, is nearing disinversion. The curve, which has been inverted since July 2022, recently hit its least inverted level. As of the latest data, the spread is at -0.038%, just 1 basis point from uninverting, indicating a potential shift in market expectations. This development comes as the front-end of the curve begins to fall sharply, suggesting changes in investor sentiment and economic outlook. Additionally, S&P 500 futures are pulling away from the 10-year Treasury yield, highlighting further market dynamics.