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To: Paul Shread who wrote (30968)10/24/2000 9:09:33 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i know it wasn't inverted. don't know how steep it is, but it's certainly not inverted.
the recession alarm sure as heck is sounding. even without the yield curve, that's what junk bond and corporate spreads in general are telling us here imo. when the bond market completely shuns corporate paper while the long end of the treasury's offerings is engaging in a big rally, bad times are being telegraphed.