The Treasury yield curve has been warning about a recession, but strategists say it's about to send an even louder and stronger message, as the 10-year yield looks set to fall below the 2-year note yield.
"It's the whole idea that the Fed is making a mistake. There's more fear that the Fed is going to be slow in making moves, and the economy is going to to into recession," said one strategist.As Wall Street economists up the odds for a recession in the coming year, the bond market is sending its own scary warning about an economic downturn.
The 10-year yield, at its low yield of 1.64% Monday came less than 6 basis points above the 2-year yield, which was at 1.58% in afternoon trading. The spread broke below 10 basis points last week. An inverted curve simply means a shorter-term interest rate is higher than the longer-term one that it is being compared too, and that inversion has been a reliable recession signal.
We have a liar and chief 'who knows not what he does'. All of his supporters will be hit too because they are not of special interest!
Thx to trump
here comes the poop 💩
Who wants their money in China or Europe? A quick Brexit and BorisJohnson's UK would also benefit from the realignment.
Talking heads. ScareTactics
🇺🇸Hey America Due to Trump's actions, the stockmarket & the economy are about to crash..worse than 2008. Trade wars Frozen assets & bank accounts Internet censorship War on Democrats, women's rights, minorities & the Press PURE TYRANNY Your $ is not safe in the US StayAlert
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Source: CNBC - 🏆 12. / 72 Read more »