The spread between 10 year US bonds and 2 year US bonds is currently at 5 year lows and will likely go negative post the fed rate hike next week. This would most likely cause the US yield curve to eventually invert and is a harbinger of a decelerating/recessionary economy going forward. Will tax cuts save the day? I doubt it.
Chart of the Day: Gold Prices, Mortgage Rates & the Yield Curve
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Have you missed any of Mike Carr's charts in Money & Markets Daily? See his
recent coverage on gold, mortgage rates and the yield curve.
The post Chart o...
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