You are here
U.S. Treasury bond curve inverts for first time since 2007 in recession warning
From Reuters
Wednesday, August 14, 2019
LONDON -- The U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.
The inversion -- a situation where shorter-dated borrowing costs are higher than longer ones -- saw U.S. 2-year note yields rise above the 10-year bond yield.
... Dispatch continues below ...
Glint Completes L5 Million Private Placement
and Welcomes Sprott as Strategic Investor
Company Announcement
Thursday, June 13, 2019
Glint Pay Inc. (glintpay.com), the first-mover company that enables physical gold to make instant payments using a debit Mastercard, today announced the completion of a private placement of L5 Million in London-based parent Glint Pay Ltd. The financing was led by Sprott, an alternative asset manager and a global leader in precious metal and real asset investments with approximately $8 billion in assets under management.
Founded in the United Kingdom in 2016, Glint established the first app-based account in February 2018 giving clients in Europe a low-cost way to buy, sell, and save physically allocated gold and for the first time instantly spend it via the Glint Mastercard anywhere Mastercard is accepted. Glint Pay then added multiple currency wallets, including U.S. dollars, British pounds, and euros in July 2018. The company is working on its launch into the United States. ...
... For the remainder of the announcement:
https://glintpay.com/en_us/glint-en_us/glint-completes-5-million-private...
The curve inverted to as much as minus 1.7 basis points by 10"45 GMT.
Such an inversion, considered a classic recession signal, occurred last in June 2007 when the U.S. sub-prime mortgage crisis was gathering pace. The U.S. curve has inverted before every recession in the past 50 years, offering a false signal just once in that time. ...
... For the remainder of the report:
https://www.reuters.com/article/us-us-bonds-curve/u-s-treasury-bond-curv...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/noic-promo/powellgata/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
