Markets went off the rails this week, as the 10- and 2-year Treasury yields invert.
In fact, the 10-year Treasury bond yield just slipped to 1.627%, which was below the 1.632% yield on the 2-year. That was the first time that’s happened since 2007.
Even the yield on the 30-year bond just fell to an all-time low of 2.02%, which was below its former record low of 2.0889%.
What’s nerve-wracking is that such a development in the 2/10 has occurred ahead of every U.S. recession over the last 50 years, sometimes leading by as much as 24 months, says Fox Business. … Read more