Posted on 12/15/2023 11:23:37 AM PST by Kaiser8408a
It has been over three years since the disastrous Covid economic shutdowns of 2020. And here we are again!
US investment-grade bond yields have just had the biggest two-day drop since April 2020.
And the US Treasury 10Y-2Y curve remains steeply inverted.
Help me Jerome!
(Excerpt) Read more at confoundedinterest.net ...
That’s what I thought.
Good news for mortgage industry.
It doesn't "remain" steeply inverted - as it was very close to coming out of the inversion.
Instead, it has very recently deepened the inversion in a course reversal.
The points to much more investor demand for longer duration treasuries - signaling investors are buckling up for the global recession that is upon us.
This guy breaks down at Gift Store Openings.
That looks ugly.
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