Goldman says jitters about U.S. yield inversion 'overblown'

NEW YORK (Reuters) – Goldman Sachs analysts said on Thursday current concerns about a U.S. yield curve inversion among traders as an omen of a looming recession are “overblown,” though an inversion is often followed by a 3-5 percent drop in the S&P 500.

The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid

“While we would consider a significant inversion of the Treasury curve a bearish signal, we think such concerns are currently misplaced,” Goldman analysts Charles Himmelberg and Matthieu Droumaguet wrote in a research note.

Reporting by Richard Leong

Filed in: Top News Tags: 

You might like:

Chicago teachers pension fund divesting from private prisons Chicago teachers pension fund divesting from private prisons
Kill quarterly reporting? Some investors ring alarm bells Kill quarterly reporting? Some investors ring alarm bells
SEC says it continues to study frequency of company reporting SEC says it continues to study frequency of company reporting
SEC moves to ease information disclosure requirements SEC moves to ease information disclosure requirements
Trump asks SEC to mull half-year corporate filings Trump asks SEC to mull half-year corporate filings
Trump backs CEOs, proposes easing corporate reporting rules Trump backs CEOs, proposes easing corporate reporting rules
It will be tough for Trump's SEC to overhaul reporting rules It will be tough for Trump's SEC to overhaul reporting rules
Instant View: Trump asks SEC to mull half-year corporate filings Instant View: Trump asks SEC to mull half-year corporate filings

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.