A 12 months in the past, Laurent Ferrara and I documented the explanatory energy of the time period unfold for recessions throughout international locations....
Following up on the examination of what the time period unfold predicts, right here’s the slope coefficients for the time period unfold, in regressions...
It’s commonplace to correlate time period spreads with future financial exercise measured a method or thSo, whereas different. Recessions within the US do appear...
As of yesterday COB:
Determine 1: Ten yr breakeven (blue), 5 yr breakeven (pink), in %. Supply: Treasury by way of FRED.
Determine 2: 10yr-2yr Treasury...