Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, […]
Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, […]
US stock indexes rose at the opening and bond yields edged closer to flashing a recessionary warning signal Tuesday. The technology-heavy Nasdaq Composite led the major indexes in early trading, gaining 1.1%, or about 158 points. The Dow Jones Industrial Average gained about 0.8%, while the S&P 500 added 0.7%. On Monday, major indexes rose […]
The bond market’s most reliable gauge of the US economic outlook for the past half-century is hurtling toward inversion at a faster pace than it has in recent decades, raising fresh worries about the economy’s prospects as the Federal Reserve begins to consider aggressively hiking interest rates . The widely followed spread between 2-year TMUBMUSD02Y, […]
Rarely has there been such a pronounced divergence in opinion about the Federal Reserve’s strategy as there is now, after the central bank tightened its monetary policy and updated its stale economic projections from late last year. As expected, the Federal Open Market Committee raised its federal-funds rate target range this past week by one-quarter […]
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