2y10y Treasury yield spread keeps climbing rather sharply ... now +22 basis points (highest since June 2022)
https://x.com/KevRGordon/status/1838909344231887183
Yield un-inversion picking steam, pointing to recession in US, while China throws the kitchen sink stimulus at its economy as if it is in some form of big trouble.....yet market participants rather dwell on being hopeful that the authorities have got everything under control, taking measures that in prior times would be viewed as concerningly desperate and urgent.
What is it that they know that we don't?
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2y10y Treasury yield spread keeps climbing rather sharply ......
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