Yield Curve Screams "Recession" as Trade War Picks Up Steam
Sunday Evening Futures
- Equities Down
- Gold Up
- Treasury Yields Down
As of 1:36 AM Central on Monday morning, the 30-year long bond is a record low 1.942%.
It's now inverted 17.8 basis points with the Fed Funds rate.
The 5-year note is a whopping 78.4 basis points inverted.
Few seem to believe it, but the yield curve is now screaming recession.
Mike "Mish" Shedlock