The last 8 recessions in the US were preceded by an
inversion of the 10-year and 3-month Treasury yields.
We're now only 19 bps away... |
00:01 - 27/07/22 |
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The dollar has had a spectacular run, having risen more than
10% against other major currencies since the start of the
year. |
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The specter of political uncertainty delaying the IMF's
support for Pakistan is unnerving investors, risking further
losses in the nation’s bonds and currency |
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The 3-Month Treasury Bill yield has moved up to 2.62%, its
highest level since January 2008. It entered the year at
0.06%. |
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The pound is clinging on to $1.20, with traders keeping a
close eye on whether it can see out the month above key
psychological levels |
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