The yield on 10-year Treasury notes declined for a fifth consecutive week. We're getting closer to a scary "yield curve inversion," an event that has historically presaged recessions. But we're not there yet. This time it's different, allegedly. The yield on 10-year US Treasury notes declined for a fifth consecutive week, taking the US economy yet another step toward recession. A contraction in America would hurt growth across the planet. Treasury yields don't automatically trigger...
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