The Market Perspective: Inverted Yield Curve Unwinding

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January 23, 2023

Inverted Yield Curve Unwinding

Monday Jan 23, 2023

A lot has been said about the two year rate exceeding the ten year rate. This is an inverted yield curve and usually anticipates a recession.

This morning the ten year yield is below the thirty year yield, so this appears to be returning to normal.

Crude oil WTIC is trading just over $82. That is finally suggesting a break out from the sub 80 area where it has traded for several weeks. As we have observed, the price of energy shares have not fallen which suggests the market somehow knew oil prices would re bound.

News suggests the FED may be less agresssive in raising rates, we will observe the bond market this week.

Posted at 09:03 AM in Bonds, Stock Market | Permalink

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The Market Perspective

Market Commentary by Dennis Elam dennislelam@gmail.com

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