U.S. Treasury yields were lower early on Wednesday after a volatile day on Wall Street, but the closely watched 2-year/10-year yield curve remained inverted – a key recession warning. At around 2:45 a.m. ET, the yield on … Read more
The stock market is now in very serious trouble. The bond market is NOT calming down. Last week the yield on the all-important 10-Year U.S. Treasury (the most important bond in the world) spiked to … Read more
The bond market is blowing up. As I outlined several weeks ago, the financial system is now experiencing its first coordinated central bank tightening in over a decade. The reason for this tightening is inflation. … Read more