How Is This A Rate Increase?
Discount rate 4.75-5.0%
One-year: 4.51%
Two-year: 3.95%
10-year: 3.48%
We sure have a lovely inverted yield curve, don't we?
That was always said to portend something, but I don't recall exactly what. ;)
I stopped checking the inversion some time back. Presumably it signals recession is imminent--which means we've been facing an imminent recession for damn near a year now.
That's not exactly how I recall the definition of "imminent" going.
Discount rate 4.75-5.0%
One-year: 4.51%
Two-year: 3.95%
10-year: 3.48%
We sure have a lovely inverted yield curve, don't we?
That was always said to portend something, but I don't recall exactly what. ;)
I stopped checking the inversion some time back. Presumably it signals recession is imminent--which means we've been facing an imminent recession for damn near a year now.
That's not exactly how I recall the definition of "imminent" going.