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Sunday Evening Futures

  • Equities Down
  • Gold Up
  • Treasury Yields Down

As of 1:36 AM Central on Monday morning, the 30-year long bond is a record low 1.942%.

It's now inverted 17.8 basis points with the Fed Funds rate.

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The 5-year note is a whopping 78.4 basis points inverted.

Few seem to believe it, but the yield curve is now screaming recession.

Mike "Mish" Shedlock