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We're nearly at zero: The US just passed another flashing-red indicator on the way to recession
The yield on 10-year US Treasury notes declined for a fifth consecutive week, taking the US economy yet another step toward recession. A contraction in America would hurt growth across the planet. Treasury yields don't automatically trigger recessions, of course. But there has been a worrying historical correlation between the moment that the percentage yield on the two-year Treasury becomes greater than the yield on the 10-year note. That phenomenon is called a "yield curve inversion," and it means that investors are so worried that they're much less likely than normal to bet on short-term assets. In layman's ... (full story)
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