30-Year Bond Yield Just A Hair From Record Low, 2-10 Yield Spread Near Inversion
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.
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
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