Stock market takes a dive as bond yields possibly indicate looming recession
Aug. 15, 2019
The stock market took a dive on news that 10-year Treasury Bond yields dipped below the return for 2-year Treasury Bonds. The last time that happened was in 2007, right before the Great Recession, and the indicator has been a harbinger of recession before. We talk to Dennis Hoffman, the L. William Seidman Research Institute at the W. P. Carey School of Business at Arizona State University.