A rare dull day
Monday 21st November 2022NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFriday was unusually quiet, with no big data releases and not much movement in markets. As NAB’s Tapas Strickland observes, the most significant move was the reversal in short-end yields, taking the 2-10 yield spread to minus 70bps, the highest negative spread in over forty years. Normally this would be a clear signal of an impending recession, he says, but we’ve been seeing these signs for most of the year and yet the economy remains surprisingly resilient. The last week has…
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