Scott Olson | Getty Images As Wall Street economists up the odds for a recession in the coming year, the bond market is sending its own scary warning about an economic downturn. Various parts of the yield curve have been inverted, but the traditionally watched 2-year to 10-year spread looks set to invert any day
Finance
Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market. That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Recession risk is rising, according to Bank of America. Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the
One of Wall Street’s biggest bulls is bracing for more wild market swings. With the S&P 500 and Dow off 4% from their all-time highs, Wells Fargo Securities’ Christopher Harvey is worried fear over ultra-low U.S. rates and negative rates abroad could spark another deep sell-off. “If you have a loss of confidence with the
Long-time market bull Edward Yardeni is downplaying recession jitters. The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs. “The outlook for the economy remains positive,” he told CNBC’s “Trading Nation ” on Friday. “That should keep the stock market moving higher.” Yardeni, who