My Conversation With the 30-Year Long Bond
My Conversation With Mr. Bond
Hello Mr. Bond. You just cannot seem to stay away from 2.0%.
We missed you. Welcome back. Will this be a longer visit? Are you calling for a recession?
Unfortunately, Mr. Bond did not answer. He just winked.
Yield Curve Inversions
Treasury Curve Details
- There is now a solid wall of inversions. Every Treasury Note and bill from three-year down is inverted with the next lower duration.
- The 10-year yield is inverted with 6-month and shorter durations.
- The 30-year long bond dipped below 2.0% for the third time and is just 6 basis points from a record low.
Bond yields at the long end fell substantially today as Equities Hammered in Coronavirus Bull Trap Sea of Red.
Mike "Mish" Shedlock