The 10-year to 2-year inversion is 71 basis points, the steepest since October 1981 (see chart)
Never before have we seen such strong inversions except right before or in recessions.
It will not be different this time. A recession is on the way, assuming it’s not already started.
Author(s): Mike Shedlock
Publication Date: 22 Nov 2022
Publication Site: Mish Talk