The U.S. economy is roaring, but the yield curve is flattening. What gives? [MarketWatch]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: MarketWatch
The U.S. economy is roaring, but the yield curve is flattening. What gives? If recent data is any indication, the U.S. is on track to reap a sterling quarter of growth, but that hasn’t stopped the yield curve from flattening toward an inversion, a precursor to a recession. A jump in retail sales , surging exports and strong consumer spending all point to the economy to grow at an annual rate of 4% to 5% in the second quarter, bouncing back from its early weakness at the start of the year. Bond investors appear skeptical, however, as longer-dated yields continue to fall this week, suggesting market participants remain pessimistic that this bump in growth can persist. That has helped to flatten the yield curve, usually measured by the gap between long-dated and short-dated yields. The spread between the five-year note yield TMUBMUSD05Y, -0.90% and the 30-year bond yield TMUBMUSD30Y, -1.03% has narrowed to 25 basis points, or 0.25 percentage points, the tightest levels since 2007.
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- BK's page on the SEC website