In the spirit of the Passover story, the yield curve is set to go further into the wilderness of inversion, suggesting that a recession is on its way at some point.
Greg Peters, co-chief investment officer at PGIM Fixed Income, told Bloomberg TV that he expected the yield on the 2-year Treasury to rise by at least 100 basis points above the 10-year.
As of Wednesday, April 5, the 10-year's yield was 3.30% and that of the 2-year was 3.79%. To hit that 100-basis point difference would require at least an additional 51 basis points in spread.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
