Feb 09, 2006 14:54
I was Chicken Little...
2 yr 99 15/32 -1/32 4.65
5 yr 98 23/32 +1/32 4.53
10 yr 99 22/32 0 4.53 -0.05
30 yr 110 25/32 +18/32 4.64
For thoes who don't know what the above means exactly.
The 2 year and the 30 year treasury note inverted. Last time this happened was in 2000.
Time before that was in 1987
Time before that was the late 60's
Time before that... Well, it's a sign of things to come is all.
Hope you're all secure at your jobs.