Showing posts with label 10 year Treasuries. Show all posts
Showing posts with label 10 year Treasuries. Show all posts

Wednesday, July 31, 2019

31/7/19: Canary in the Treasuries mine


Judging by U.S. Treasuries, things are getting pretty ugly in the economy:


The gap between long-dated bond yields and short-dated paper yields has accurately predicted/led the last three recessions (the latter are marked by red averages in the chart).