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- The yield on the 10-year US Treasury note has fallen to its lowest level since last September.
- That is a warning sign that storm clouds are gathering over the US economy, says Jim Bianco.
- Recession fears are back in focus for investors thanks to the recent banking turmoil and weak jobs data.
The bond market is flashing a warning sign that the US economy is heading for a rough patch, says Wall Street analyst Jim Bianco.