A check of traditional markets finds the 10-year U.S. Treasury yield down a whopping 12 basis points to 3.38%, its lowest since mid-September, and well below the current Fed Funds rate target of 4.25-4.5%. This sort of “inversion” has typically been an excellent forecaster of a recession, or at least a sizable economic slowdown. Should that come to pass, it would surely mean easier monetary policy than currently forecast, a possible boon to risk assets, including bitcoin.
