St ll, I tend to th nk a U.S. recess on s st ll not n the cards, but a slowdown s.

Dünya Executive - - FINANCIAL CORNER -

The dea that the 6-quarters ahead market-based spread between the same secur t es spot and forward y elds s a better pred ctor seems appeal ng. Neverthele­ss, t doesn’t as such replace the usual term spread because t may not conta n all the nformat on the ent re y eld curve conveys.

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