Gate.io data on June 7th: On Thursday, the two-year Treasury yield exceeded the ten-year Treasury yield for 482 consecutive days. The inverted yield curve is usually seen as a precursor to an economic recession. For investors who bet on interest rates returning to normal levels, Bank of America Merrill Lynch strategists suggest shifting their focus to the Bank of Canada. Analysts including Ralph Axel and Katie Craig stated, 'The inverted curve is the result of market expectations for rate cuts by the Federal Reserve. The slower the rate cuts by the Federal Reserve, the longer the market can maintain its expectations of further rate cuts in the future.' 'Compared to the US curve, the outlook for the Canadian curve may be better, as the Bank of Canada may be able to loosen its policies or provide more dovish guidance in the next six months.'
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Gate.io data on June 7th: On Thursday, the two-year Treasury yield exceeded the ten-year Treasury yield for 482 consecutive days. The inverted yield curve is usually seen as a precursor to an economic recession. For investors who bet on interest rates returning to normal levels, Bank of America Merrill Lynch strategists suggest shifting their focus to the Bank of Canada. Analysts including Ralph Axel and Katie Craig stated, 'The inverted curve is the result of market expectations for rate cuts by the Federal Reserve. The slower the rate cuts by the Federal Reserve, the longer the market can maintain its expectations of further rate cuts in the future.' 'Compared to the US curve, the outlook for the Canadian curve may be better, as the Bank of Canada may be able to loosen its policies or provide more dovish guidance in the next six months.'