Loading ...Yield curve 10 year to 2 year rates
On the day Sept 12 2019 ECB (Draghi) went deeper to negative rate and more QE!!!!
Just out US passed $1000 Billion budget deficit that is $ 1.o4 Trillion in less than three years from $450 Billion.
Wow!! What would Gold do ????
Yield curve turned up to steepening from inverted. It has been for more than a month it was inverted where 10 year T bond yielding less than 2 year Treasury bond.
Yesterday marks the day for a timing for Recession to arrive in 6 moths.
10 year T rate: 1.791
2 year T rate : 1.72
3 months Treasury Bills rate: 1.895
Now Financial market will wait for spead between 10 year and 3 months Treasury bill rate to turn to steepening from current inverted schedule.
Below are two graphs of past yield curves and recession : The first graph has inverted curve period in yellow.
