by laflammaster
New ATL for 10Y and 3Mo treasury yield spread
This is the 10Y yield – 3mo yield. A typical indicator of a looming recession when it’s below 0 for more than 10 days. It’s at -1.5%.
US Treasury yields sink to seven-month low on weak data
ISM Services 51.2 vs 54.5 expected. Services Inflation 59.5 vs 65.6 last month.
Services weaker than expected 51.2 vs 54.5.
ISM numbers above 50 means expansion and below 50 means contraction.
Prices Paid which is a services inflation proxy came in at 59.5, lower than 65.5 last month, but still high.
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