Bond Yields Dive on Apple Warning, ISM Report

IMG Auteur
Published : January 03rd, 2019
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FOLLOW : Apple Bond Report
Category : Opinions and Analysis

Yields took another dive lower today with the 1-year to 7-year inversion still intact.

Last night Apple warned and this morning the ISM posted an unexpectedly low PMI report.

Bond yields plunged.

Debt Watch

Despite the flattening and now inverting yield curve, note that the spread between the 10-year and 7-year bond actually rose since January 1, 2018.

The spread between the 30-year long bond and the 10-year note is nearly what it was a year ago.

I believe this is a strong bond market signal that the end of the bond bull market approaches. It's possible it's already over. But I do expect one more strong push lower in yields as recession hits in 2019.

We have enormous deficits as far as the eye can see from a starting point of $22 trillion in debt.

Got Gold?

 

Source : moneymaven.io
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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