Recession Watch: The Yield Curve Is The Most Inverted Since The Early 1980s
The yield curve inverted more steeply following the retail sales report on Wednesday.
(Click on image to enlarge)
Treasury Yields from the New York Fed, chart by Mish
On the dismal retail sales report on Wednesday, the yield curve steepened towards deeper inversions.
(Click on image to enlarge)
Treasury Yields from the New York Fed, inversion calculations by Mish
Inversion Notes
- 2-year to 10-year spread: -0.69 Percentage Points
- 30-year to 3-month spread: -1.15 Percentage Points
- 10-year to 3-month spread: -1.32 Percentage Points
One has to go all the way back to the early 1980s to find inversions this deep.
Yield Curve to Scale
(Click on image to enlarge)
Signs Say Industrial Production Has Peaked and so a Recession is Imminent
In case you missed it, please see Signs Say Industrial Production Has Peaked and so a Recession is Imminent
Judging from dismal industrial production numbers, a recession is imminent if indeed it hasn't already begun.
For the latest retail sales report, please see December Was Another Retail Sales Disaster, Even Worse With Negative Revisions
Not to worry. I'm sure it's different this time.
More By This Author:
Microsoft To Eliminate 10,000 Jobs Before The End Of MarchSigns Say Industrial Production Has Peaked And So A Recession Is Imminent
December Was Another Retail Sales Disaster, Even Worse With Negative Revisions
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