GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike

Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps…

Deepest inversion since 1981, high probability of recession 2H 2023 or early 2024

Definition An inverted yield curve is when interest rates on long-term bonds fall lower than those…

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