FYI: The old joke is that the stock market has predicted 9 out of the last 5 recessions. Finance pros also contend that the bond market is much smarter than the stock market.
Case in point says the bond market elites is the shape of the yield curve. The indicator most industry observers pay close attention to in terms of bonds and recessions is the spread between 2 year treasury yields and 10 year treasury yields.
Regards,
Ted
http://awealthofcommonsense.com/2016/07/are-we-at-risk-of-an-inverted-yield-curve/
