Fed's low confidence signals recession

Press review Investors Chronicle "(...) The inverse yield curve for US Treasuries is historically a sign of impending recession and Professor Riccardo Rebonato of the EDHEC Risk Institute argues that, if anything, the market appears to have been a bit too complacent about the risk of recession. The Professor’s Bond Risk Monitor showed very similar risk compensations for two- and five-year yields, which would indicate that US Treasury investors weren’t pricing in rate cuts as quickly as the Federal Reserve expects to have to make them. (...)” Copyright Global Investor Group https://www.investorschronicle.co.uk/shares/2019/01/17/fed-s-low-confidence-sig… 2019