It happened again. The yield curve briefly inverted on Wednesday as the 2-year Treasury note yield rose above the 10-year Treasury note. That’s a reversal of the usual relationship in which long-term bonds pay more than short-term bonds. The yield curve was once regarded as a reliable signal of a recession. For over 50 years,…
Wednesday’s yield curve inversion should have been bullish for bitcoin since it’s a major recession indicator, but the BTC price fell. Market observers explain why. | Source: ShutterstockBy CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher.That’s because it signaled a recession, which tanked the…
The bond market flashed a classic recession signal on Wednesday, but let’s look beyond the panic at the numbers. Source: ShutterstockBy CCN Markets: The Dow Jones fell 800 points on Wednesday, as a major recession indicator – the yield curve inversion – clicked on, spooking investors.Yet this recession indicator isn’t always correct, and the S&P…
