Published on: March 26th, 2019 • Duration: 20 minutes
The U.S. yield curve inverted last week, prompting debate about what the historic indicator of recession means this time around. Michael Purves, chief global strategist for Weeden & Co., explains how he is interpreting this event in combination with the latest words from the Fed. He drills down on what it signals for bonds, and lays out his target for the 10-year over the next few months, in this interview with Justine Underhill. Filmed on March 25, 2019.