30-Year Bond Yield Just a Hair from Record Low, 2-10 Yield Spread Near Inversion

Investment Advisor Representative - Sitka Pacific Capital Management • Aug 13, 2019 at 4:12 AM EDT

Bond yields resumed their post-FOMC crash today after a weak two-day respite. Inversions strengthened across the board.

Bond yields resumed their post-FOMC crash today after a weak two-day respite. Inversions strengthened across the board.

Bond Yields Resume Post-FOMC Crash

Interestingly, the record-low 30-year-long bond yield was on July 8, 2016, shortly after the UK voted for Brexit (June 23, 2016).

Recession Warning

Bond yields scream "recession" loud and clear for the third time since 2000.

Not even two rate cuts will end this inversion.

Manufacturing Recession Underway, Full Recession Soon

A Global Manufacturing Recession is already underway and Trump's tariffs made matters worse.

History shows that full recessions followed manufacturing recessions within one quarter, six out of the last seven times.

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