- Gap between 3-month and 10-year Treasury yields has plunged
- Fed chief Powell’s job has become ‘that much harder’: BMO
Traders return to their desks in the new year with a familiar warning signal flashing even more strongly than before — the Treasury yield curve got even flatter, feeding the market’s worst suspicions about the U.S. economy.
Market watchers noted a dramatic compression in what is arguably the most reliable indicator of recession — the gap between the 3-month and 10-year Treasury yields.
Emily Barrett | Bloomberg