Second Yield Curve Inversion Today: Did You Catch It?
Mike (Mish) Shedlock | Dec 04, 2018 01:49AM ET
I missed another inversion today. So did Bloomberg. A reader of mine caught it from a chart I posted.
In addition to the inversion between the 5- and 3-year yields. Today also sported a smaller inversion between the 5- and 2-year yields.
Thanks to reader Schaap60 for the accurate spot.
5-Year to 2-Year Inversion
For further discussion, please see First Inversion in Seven Years: Can a Recession be Far Off?
I repeat my assessment:
- The classic recession signal that most follow is a 2-10 inversion. I doubt we see a 2-10 inversion before recession hits.
- My call: There will not be the warning nearly everyone is waiting for.
Mike 'Mish' Shedlock
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