As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S.
The signal took place in Treasury bond markets as the spread between 2-year and 10-year Treasury notes inverted for the first time since 2019.
The Economist asks: “Will dollar dominance give way to a multipolar system of currencies?” in a recent report, and the financial authors at Barron’s and South China Morning Post ask the same question or claim de-dollarization will fail.
“ War has taken a toll on the global economy that is not being recognized nor reported,” Celente tweeted on Thursday.
The trend forecaster quoted Pierre Andurand’s recent quote when the hedge fund manager at Andurand Capital Management said it’s possible crude oil prices per barrel could hit $250 this year.
Reports also indicate that “Bond investors appear far more pessimistic on the economy.” Furthermore, the inverted yield curve has predicted a looming recession every time for the past 60 years, according to research published by the Federal Reserve Bank of San Francisco.
“Rates markets are very consistent in telling a story where the Fed is going to do some damage to the economy,” Edward Al Hussainy, senior interest rate and currency analyst at Columbia Threadneedle told Reuters on Thursday.
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Rio de Janeiro, one of the most iconic cities of the South American continent, has announced it will allow its citizens to pay taxes with cryptocurrencies.
The total aggregate digital assets under management surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare has shown.