-% of yield curve inversions surging globally;
-15 economies now have 30-yr yields lower than LIBOR overnight rates;
-US vs. German 5-year yield spread just broke down from a multi-year support line;
-UST vs Bunds 10-year yield spread poised to narrow;
US vs. German 5-year yield spread just broke down from a multi-year support line!
Previous breakdowns timed the market top in 2000 & 2007.
It’s another critical macro timing indicator.
from 29 Mar 2019:
Worsening global yield curve inversion: 15 economies now have 30-year yields lower than LIBOR overnight rates. New Zealand just joined the pack. Ignore this macro signal at your own risk. Our new video will be coming out soon.