Bill’s Commentary:
“It is showtime folks! It is when an inverted yield curve un-inverts that recession is either imminent, or has already arrived. By looking with your own eyes, recession already appears to have strolled in…”
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.
Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year yield inched above the 2-year for the first time since June 2022.
The respective yields were both around 3.79% on the session, with just a few thousandths of a percentage point separating them.
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