Recession Red Flag Rears Its Ugly Head - Treasury Yield Curve Crashes To Post-Crisis Flats

Probably nothing...

The last two times the spread between 30Y and 5Y Treasury bonds was below 90bps, the US economy entered recession...

 

And the 2s10s curve is tumbling too - to its flattest since the crisis...

 

But, but, but, how can a recession be coming with stocks are record highs?