Bond Traders Don’t Get Drunk, Stock Frenzy Ignores Yield Curve Warnings – Bloomberg
For a brief moment, the U.S. bond market’s inverted yield curve was the largest it’s been since the early 1980s. That was around the time that then-Fed Chairman John Volcker took a toll on the economy in his fight against inflation. The widely watched 2-year and 10-year U.S. Treasury yield spread has dipped from about … Read more