By Kevin Flanagan
The coronavirus fears continue to impact the fixed income markets. Here's our latest update.
Looking at the U.S. Treasury ((UST)) market's reaction to the coronavirus news, there was one by-product we knew would capture the lion's share of the headlines: THE YIELD CURVE INVERTS AGAIN! Once the UST 3-month/10-year spread went negative about two weeks ago, one almost knew there would be a 19th nervous breakdown of sorts. So, let's take a deep breath and examine this most recent bout into negativity.
Treasury Yield Curve
Why did the Rolling Stones' classic song