The spread between the 2-year and 10-year German bund yields has inverted to levels not seen for thirty years. The gap reached -27 bps Thursday, the widest inversion since October 1992. On Friday that spread narrowed somewhat to -20.1 bps. An inverted yield curve is an interest rate environment in which long-term bonds have a lower yield than short-term ones and often considered a predictor of economic recession. German Bond Snapshot Nov 25 2022 Germany is facing severe head winds with … Continue reading “Recession Fears Push German Yield Curve to Deepest Inversion Since 1992”
Lockdown Sees US Job Cuts in April Highest Single Month Ever
US job cuts soared in April to the most ever as the Covid-19 lockdown devastated the economy. The damage to working class and middle America, the engine of the American economy is unprecedented.