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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Is it a good time to load up on investment-grade corporate bonds or high yield bonds?
Description: A bond market signal that has shown warning signs for months suggests an economic recession could still be on the horizon. According to data from Bloomberg, the 10-year and 3-month yield curve has been inverted for 212 straight trading days. This is a record that just surpassed the 1980 inversion and is now the longest stretch since at least 1962. The yield curve inverts when short-dated Treasuries offer a higher yield than longer-term Treasuries, a market anomaly that typically suggests a period of economic weakness is imminent. A significant number of bond strategists polled...