A rare dull day
Monday 21st November 2022
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Friday 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…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.