Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
With growing concern over the Coronavirus, yields dropped again today and portions of the yield curve are inverted out to seven years.
For example, the yield on the 7-year not is lower than the yield on the 1-year not and everything shorter in duration.
Yellow highlights show the yield on the 3-year, 2-year- and 1-year notes is each lower than the next shorter duration.
And the yield on the 30-year long bond is again flirting with the 2% level.
For discussion of the coronavirus threat, please see Hundreds of Virus Carrying Planes Headed for US, London, Paris, Vancouver.
Also see Chris Martenson's proclamation regarding the World Health Organization: "WHO is Derelict" on Coronavirus
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
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