The Yield Curve Is Signaling Slowdown in Inflation
Bloomberg Businessweek
00:00
The Nirvana Scenario
Ed Jardani: The yield curve has a great record of forecasting recessions, but what it really does is it forecasts the process that in the past led to recessions. He says investors are buying 10-year bonds because they think if the Fed keeps raising rates, something's going to break in the financial system. "The current situation is starting to reach out again of anticipating a financial crisis," he says.
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