Other signals about the economic, such as low jobless claims, help paint a contrasting picture, says Bespoke's Paul Hickey.
Despite all the attention paid to the deepening yield curve inversion, it "isn't just a switch" that turns on and causes a recession, according to Wall Street number-cruncher Paul Hickey. In this case, it might not precede one at all.on Wednesday that investors must also pay attention to other factors, such as strong consumer lending and "near generational lows" claims for unemployment insurance.
Indeed, investors have to remember the yield curve is only one piece to a larger economic puzzle, said Gabriela Santos, global market strategist for J.P. Morgan Funds, appearing alongside Hickey. "What we see really is there are pockets of strength and clear pockets of weakness as well," she added.10-year Treasury yield dropped farther below the 2-year yield
Meanwhile, the rate on the benchmark 30-year Treasury bond sank to a new all-time low on Wednesday, dropping as low as 1.907%.
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