After Wednesday’s Doomsday Inversions, What’s Next For The Yield Curve?

After Wednesday’s Doomsday Inversions, What’s Next For The Yield Curve?

2s10s curves in both the US and the UK inverted on Wednesday, following more worrying data that suggested the global economy is teetering precariously on the edge of a downturn. On Tuesday, we spent quite a bit of time talking about the read-through of renewed bull flattening stateside for Fed policy and the extent to which the bond market clearly believes Jerome Powell is behind the curve (figuratively and literally in this case). "Importantly, the 4Q18 into 1H19’s bull-steepening trend is
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