10 year minus 3 month bond yield is currently at -0.91%, which is the most negative it has ever been.
the last two times this happened we had the .com crash and the 2008 financial crisis:
https://fred.stlouisfed.org/series/T10Y3M
the start of the recession seems to come 8-10 months after the peak of the yield curve inversion. will the fed drop rates if we enter a recession even with elevated inflation?
when do you think things will start to get truly ugly?
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