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Aktiebolaget Svensk Exportkredit Elements Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas due Augu
By Brad Tank, Chief Investment Officer – Fixed Income
We don't need an inverted yield curve to tell us a global manufacturing downturn may be underway.
The business networks were flashing red all day last Wednesday as the spread between the U.S. Treasury 2- and 10-year yields turned negative for the first time since 2007.
We've written a lot about why we think the yield curve is a less reliable forecaster of recession than it used to be. But to be honest, the point now seems a little academic. Looking to the yield curve for