Over the weekend the US bond yield curve inverted briefly for the first time in 16 years, since the Great Recession in 2008.
Markets Insider-MSN reported:
Part of the US bond yield curve briefly inverted for the first time since 2006 Monday, adding to fears that a recession could soon hit the country’s economy as the Federal Reserve hikes interest rates hard.
The yield on the 5-year Treasury note rose above the yield on the 30-year Treasury bond, an event that hasn’t happened for the last 16 years.
Monday’s move added to chatter on Wall Street and in other financial centers that a recession may be on its way, given bond yield curve inversions have historically foreshadowed sharp economic slowdowns in the US.
Steve Cortes warned The War Room audience that there was a US recession every timt the rate yield curves inverted since 1955. Every time except one!
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