You mentioned an inversion of the bond yield rate, presaging a recession? I don’t get it.
Bond rates have dropped like a stone this month, yet only last November all pundits predicted record new interest rates and thus high yields. Currently rates have dropped, and the 3-month rate is inverting to the ten-year bond rate, which is an inversion. Some say that an inversion presages a recession. Whether or not this means a recession now is still too early to tell. (Look up David Rosenberg – who believes we are in a recession already.)