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Yield curve inverts briefly once again on fears the Fed won’t save the economy

From cnbc.com

The main part of the yield curve inverted once again Thursday as the yield on the benchmark 10-year Treasury note traded under that of the 2-year note, the third time the recession indicator has been triggered since last Wednesday. The move came after Kansas City Federal Reserve President Esther George and Philadelphia Fed President Patrick Harker told CNBC that they don’t see the case for additional interest rate cuts after the central’s bank quarter-point reduction in July. Shortly after 10 a.m. ET, the yield curve turned negative before floating back into positive territory later in the morning. As of 11:56 a.m. ... (full story)

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  • Category: Fundamental Analysis