It is an absolutely incredible possibility to contemplate. For all the wrong reasons, too. One of those kinds of occurrences which is so unusual there are no immediate answers for it. What does it mean? What can it mean?
Over the past few weeks people are suddenly bond watchers. Quite regrettably ignoring curves (of all sorts) most of the time, once the 10-year US Treasury yield was pushed underneath the 2-year's the world finally began paying attention to the space. As everyone is apparently aware, curve inversion means the dreaded recessionary signal.
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