Do I hear Drums Alongside The Potomac or East River??
The hawkish drumbeat from central bankers is elevating fears of a downturn, with world bonds becoming a member of US friends in signaling a recession, as a gauge measuring the worldwide yield curve inverted for the primary time in at the very least 20 years.
The US Treasury 10Y-2Y yield curve, alternatively, has been inverted for 107 straight months.
And in Europe, 10-year sovereign yields are dropping like a paralyzed falcon.
The world and US yield curves are pointing to hassle. And drums alongside the Potomac (DC) and East River (NYC).
