"It's the what-if scenario". The 10-year Treasury note yield fell about 6 basis points to 2.498% Tuesday, its lowest since September 13, while the spread between 2-and 10-year notes dropped to 0.14%, the flattest level since June 2007, setting the tone for a possible inversion of spreads in the future. That particular inversion has preceded every recession since the late 1970s. One portfolio manager called the inverted yield curve a "harbinger of doom".
Another big recession indicator is the recent weakness in housing. "If twos and tens invert between now and December 18, the Federal Reserve is going to have to take out some of the hikes next year-or they should do it", Joseph Lavorgna, chief USA economist at Natixis, told Reuters.
Gundlach is founder and chief executive of DoubleLine which manages more than $120 billion, according to its website.
LONDON, Dec 5 (Reuters) - Global stocks tumbled to one-week lows on Wednesday, as declines by long-dated US bond yields and a renewal of trade concerns stoked fears of a downturn in the United States, the world's largest economy.
Markets are also bracing for more news on the Brexit front.
Generally, short-term bonds carry lower yields because the investment is considered less risky, whereas longer dated funds should have higher yields to reflect that an investor's money is at more risk as you commit for more time.
Real Madrid agree deal with Chelsea for Eden Hazard
The news cycle surrounding Chelsea never stops and as such, it can be hard to keep up to date with everything that's going on. The recent dip has correlated with Chelsea's stutter, which has seen them claim only four of the last 12 points on offer.
The greenback has enjoyed months of unrivaled performance against its peers but that could be undermined by growing concern about slowing US growth.
Some business sectors like auto and housing are flagging due partly to rising interest rates, while debt-laden companies have raised concerns whether they could keep up with their debt payments as borrowing costs are rising. The swaps market has moved up the timing for when it sees the hiking cycle peaking, toward the end of 2019 or early 2020, a period when the Fed's own projections indicate tightening will still be under way.
Some traders said the dramatic curve flattening may be overdone and may revert if the government's November payrolls report out on Friday were to show solid jobs and wage growth.
However, investors are increasingly concerned by a flattening of the spread between 2-and 10-year Treasuries, a more fundamental benchmark of market health.
Global stocks tumbled on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism sharply waned that the United States and China would quickly resolve their trade dispute.
Last year's massive federal tax cut has bolstered business confidence, but trade tension between Washington and major USA trade partners looms as a possible economic drag, analysts said. It has a scarily accurate track record of predicting economic recessions, which in past decades have arrived six months to two years after an inversion.
Quebec's Francois Legault says there's no way Quebecers will ever approve a pipeline through their province. Legault also raised the issue with Trudeau of compensation for costs incurred in paying for asylum seekers.
That sum could go dramatically up or down, depending on how the bankruptcy process evolves, the publication noted. The offer includes $950 million in cash through an asset-based loan facility and a "credit bid" of $1.8 billion.
Espanyol went looking for a lifeline at the start of the second half, but Barcelona remained risky on the break. In a rare moment of action in the Barcelona penalty area, Victor Sanchez's header dropped wide of the far post.
The Alberta provincial government in the country has implemented an emergency cut to production levels to boost prices. Despite the hold, the central bank plans to continue the gradual tightening initiated in 2017.
The Yemeni government also plans on requesting that the rebel Houthis relinquish their control over the port of city of Hodeida. Saudi-led airstrikes against the rebels are compounding the misery - wiping out entire neighborhoods and destroying hospitals.
The flu shot is safe for pregnant and breastfeeding women, who can pass on antibodies to their babies that will help protect them. Fact: The flu vaccine reduces the risk of contracting and spreading the disease by up to 60 percent, according to the CDC.
He said the organizers never said anything about Saudi Arabia when they invited him- and he went on three of the trips. Executives at the hotel told the Post they were not aware Saudis were footing the bill.
Joining President Trump and Sec. of Defense Mattis at the game were Chairman of the Joint Chiefs of Staff Gen. But the drive flipped the field enough as Navy forced a punt from Army and then scored following the punt.
The president, at the time, said that he didn't know whether Kelly would leave, but said "I like John a lot". News of the latest staffing changes come as the president named William Barr as his new Attorney General.
Kevin Hart steps down as Oscars host
This time, speculation has already been rampant that few in Hollywood want the gig, for which few win glowing reviews. Murphy soon after exited, as well. "He checks all the boxes for a show like the Oscars", Belloni said.
Falcons know World Cup opponents today
There were no goals during regulation time as both teams matched each other strength for strength all through 120 minutes. There will be three African nations at the tournament, namely Banyana, Cameroon and AWCON champions Nigeria.
Skoda Scala Hatchback Unveiled: Walkaround
This serves to automatically close windows and reinforces tension on the front seat belts well before a collision can take place. Skoda plans for turbocharged petrol engines to dominate the Scala line-up when it adds the new hatchback to its range in 2019.
Serena, Nadal and Murray all confirmed for Australian Open
Nearly all of the world's top 100 men and women's players are also due at Melbourne Park, including Rafael Nadal and Andy Murray. Serena Williams has been confirmed to take part in the 2019 Australian Open as stated on the event's official Twitter account.
5-Star Center Vernon Carey Verbally Commits to Duke
Carey, ranked No. 2 in the class of 2019 per 247 Sports , announced his decision in a televised news conference on ESPN. The Blue Devils won the services of Carey Jr. over Michigan State and in state rival North Carolina .
France tops OECD list of most taxed countries
The French government's tax revenues were equivalent to 46.2% of its economic output, up from 45.5% in 2016 and 43.4% in 2000. The United States tax level equaled 27.1 percent of GDP in 2017, well below the 36-nation OECD average.
Ride-sharing startup Lyft files confidentially for US IPO
The firms compete across the USA as ride-hailing platforms, connecting taxi drivers to passengers through their mobile apps. Lyft has pursued a series of partnerships in the contest to be the first to bring autonomous taxis to the mass market.
How to Watch Bournemouth vs. Liverpool
The England worldwide will also miss next week's Champions League game against Napoli and the FA Cup third round game at Wolves. After a relatively slow start to the campaign, Salah is now scoring at a similar rate to last season.
Hillary Clinton arrives in India for Isha Ambani's wedding
It was reported that Bill Clinton, her husband and former US President, is expected to join his wife for the celebrations. The Ambanis and the Piramals are hosting the pre-wedding festivities of Isha and Anand in Udaipur over the weekend.
Philadelphia 76ers primed for rare win in Toronto
This [the Sixers] could be a playoff team that we're going to be playing in the future, but I don't really see it that way. Before the game Nurse said that Valanciunas can be hard on himself, getting frustrated when the ball isn't falling.