Day

June 28, 2023

Government bond yield curves continue to signal a slowdown in economic activity.

Several central banks have hiked rates and are talking about the need to do more, even as most global growth and inflation measures decelerate year-over-year. The market’s response to that divergence has resulted in more inverted yield curves. Historically, yield curve inversions have been a useful indication that some version of an economic slowdown is...
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