|Day's Range||1.5490 - 1.5860|
|52 Week Range||1.3080 - 3.0950|
It’s pro basketball season again, and if there’s one thing that coaches always yammer on about, it’s transitioning from offense to defense. Barclays is also making a transition from offense to defense. After all, points out Ajay Rajadhyaksha, head of macro research at Barclays, the aggressive call has worked, even with a bond market rally.
The bank has created an index to gauge how Trump tweets — 10,000 since taking office — have influenced moves in implied rate volatility for two-year and five-year Treasury notes.
Market analysts and fund managers fear "fundamental economic deterioration" could be headed for the U.S. in 2019 and the stock market could suffer.
The bond market is beginning to sound the alarm of a recession, with an inversion in U.S. Treasury yields occurring on Monday for the first time since 2007. The yield on the 5-year Treasury note fell below the yield on the 3-year note, meaning that investors were being paid more to hold U.S. government debt maturing in three years than comparable bonds maturing in five years. It’s not the major curve inversion that investors watch for — the 2-year note holding a higher yield than the 10-year note, which has preceded every U.S. recession since World War II — but it portends that the market is headed in that direction, analysts told Yahoo Finance.