Watch out! The curve is moving toward a warning of recession. Yields are inverted between the 7-yr and 10-yr as well as the 20-yr and 30-yr. The downward slope that started at the long end now includes the middle of the curve. Talking heads call this mid-section "the belly of the curve."
1 comment:
Reading and rereading your book and always amazed how it is still relevant and true today. Wished I read your book before heading into 2022!
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