30-Year Bond Yield Just a Hair from Record Low, 2-10 Yield Spread Near Inversion
Bond Yields Resume Post-FOMC Crash
Interestingly, the record low 30-year long bond yield was on July 8, 2016 shortly after the UK voted for Brexit (June 23, 2016).
Bond yields scream "recession" loud and clear for the third time since 2000.
Not even two rate cuts will end this inversion.
Manufacturing Recession Underway, Full Recession Soon
A Global Manufacturing Recession is already underway and Trump's tariffs made matters worse.
History shows that full recessions followed manufacturing recessions within one quarter, six out of the last seven times.
Mike "Mish" Shedlock