Market Moves
Good News: A Fed Rate Cut May End the Inverted Yield Curve
Then, the 3-month Treasury could dip below the 10-year, and dispel this dreaded recession portent.
Then, the 3-month Treasury could dip below the 10-year, and dispel this dreaded recession portent.
The spread between BBB corporates and 10-year Treasuries is shrinking.
In this week’s recession scare, everyone focuses on the 10-year Treasury. But why are yields on T-bills for 12 months and below so high?