The specter of stagflation is showing in the bond market

 Ten-year inflation breakevens just increased to the highest level since 2005, while the yield curve -- the spread of 10- over two-year Treasury yields -- narrowed to levels not seen since the pandemic recession. 

History shows an outright inversion, as happened in 2019, would signal an imminent contraction. 

Bloomberg 7 March 2022

https://www.bloomberg.com/news/articles/2022-03-07/jolted-traders-surrender-to-recession-paranoia-in-stock-rout




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