📶 September 17, 2023: The Economic Collapse Blog > 10-year bond yields have now been below 3-month bond yields for 212 trading days in a row, and such an inversion has “telegraphed the last eight recessions”… - #Market

September 17, 2023 

by Michael

theeconomiccollapseblog.com

But for 212 straight trading days, no matter what the indicators have said, the Treasury market has delivered what is widely understood as a starkly different message: The economy is veering toward a contraction, since 10-year yields have held below 3-month ones.

Such an inversion telegraphed the last eight recessions. And on Thursday, the market surpassed the 1980 record to hold that way for the longest consecutive daily stretch since Bloomberg’s records begin in 1962.

Does anyone out there actually believe that this indicator will be wrong this time around?

Of course it won’t be wrong.

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