Curve Watchers Anonymous has its eyes on the yield curve as always. A pair of charts, five-year duration and lower vs. one-year and higher looks increasingly recessionary.
Yield Curve 1-Year to 30-Years
Yield Curve 3-Months to 5-Years
According to “leading economic indicator theory” this action is positive. I think leading economic indicator theory is nonsense.
Mike “Mish” Shedlock
