The 10yr2yr yield curve steepening trend is well intact, indicating an oncoming economic bust not too far out on the horizon
It’s not the only indicator to the macro, but it is an important one, as a yield curve steepening trend usually resolves into an economic bust. This is not imagined. It is a fact of recent decades’ history.
Here we see another little settling within the uptrend. This is logical, given the renewed joy in stocks, I guess because the economy doesn’t suck too too bad (yet).
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Gary, the yield curve indicator failed this time around. No need to be bearish.
Care to support that assertion with reasons?