Report
US yield curve no longer flashing red
The inversion of the US yield curve for several months this summer sparked considerable anxiety, as we were told that this was the sure sign of a future recession. The curve is no longer inverted, without this changing the signal in any way. The mistake, in our opinion, is not in monitoring this signal (which is a useful warning), but in believing it to be infallible. The three Fed rate cuts, the easing of geopolitical tensions, the robustness of employment and the recovery in re...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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