Nordea delivers a neat little summary of some key FX and bond observations. One of the interesting observations is the popularity of the yield curve on Google. We mentioned the curve last week as well. If this is telling us the market is about to hit recession or not, nobody knows, but the trend is amazingly strong. Nordea writes:
Elsewhere, the curve remains the talk of the town, and rightly so, perhaps… If the recent flattening pace persists, the 10y/2y curve will have inverted by early next year. With the yield curve often used as a recession indicator, the market’s attention should be of no surprise. Curve flattening is furthermore being googled the most ever – now surpassing the peaks in 2004 and 2005.
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