In addition to the inversion between the 5- and 3-year yields. Today also sported a smaller inversion between the 5- and 2-year yields.
Thanks to reader Schaap60 for the accurate spot.
5-Year to 2-Year Inversion
I repeat my assessment:
- The classic recession signal that most follow is a 2-10 inversion. I doubt we see a 2-10 inversion before recession hits.
- My call: There will not be the warning nearly everyone is waiting for.
Mike "Mish" Shedlock