Stock market today: live updates
Written by Black Hot Fire Network on March 13, 2023
2 Mins Ago
Gundlach says yield curve steepening is 'highly suggestive of imminent recession'
DoubleLine Capital CEO Jeffrey Gundlach said the "aggressively steepening" of the Treasury yield curve after a sustained period of inversion is "highly suggestive of imminent recession."
The gap between the 2-year Treasury yield and the 10-year Treasury rate narrowed 25 basis points on Monday to about 67 basis points. The spread had widened to 100 basis points, the most severe inversion . . .
