The Recession is Cleared for Landing
We are only halfway through the year and the 2 year treasury has inverted the 10 year once again. The long end of the treasury curve continues to reject the inflation narrative. The recession is either already here or close at hand.
Today the 2Y treasury inverted the 10Y for the second time this year. This is one of the most potent signals that recession is either here or on it's way. Additionally, the 52 week bill came close to inverting the 10Y as well. #recession #yieldcurve #recession2022 #bonds pic.twitter.com/9batMwbQCB
— moist_turtel (@moist_turtel) July 6, 2022