Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
This is a recession-flag which is very accurate.
The last four days have seen 10Y yields plunged almost 35bps from their highs while the 3m bill yield has crept higher by around 12bps...
Which has left the much-watched (and Fed-blessed) indicator of recessions (the 3m10Y Treasury yield spread) has finally gone negative...
Chart here:
No comments:
Post a Comment