The US Treasury yield curve has collapsed to its flattest since Nov 2007… just before the US economy officially slumped into recession… “There can’t be a recession… the yield curve is not inverted…” http://www.zerohedge.com/news/2016-06-27/last-time-bonds-were-here-recession-started Perhaps US banks are starting to realize the inevitable also?
Chart Of The Day: Last Time We Were Here Recession Started