According to CNN, The Dow plummeted over 600 points Wednesday after being tipped off by the bond market. Because of this, for the first time since early in the Obama administration, Wall Street is nervous that some of the predicators of earlier recessions in the nation’s history are showing up now in our present economy.
Early on Wednesday, the 10-year Treasury bond yield dropped 1.6% below the yield of the 2-year Treasury bond. This is the first time since before Obama was elected that 10-year bond yields fell below 2-year yields.
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