With the March numbers in the books, let's jump right into the charts.
The big news from last month was the
Yield Curve inversion. When the yield curve inverts short-term interest rates are higher than long-term rates, which is often considered to be a
predictor of an economic recession. On March 29th the most closely watched spread, the
2s/10s inverted. The
2s/30s and the
5s/10s followed suit.