Tech Insider
Economy
This is a photo of a US $100 bill with a red arrow pointing downwards in front of it.
The stock market could continue to tumble in the face of rising inflation and a recession.

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  • There's an under-the-radar indicator in the bond market that's signaling a hard landing.
  • The high correlation between US and European government bond yields is pointing to a recession, according to ING.
  • But US investors still look bullish on the economy, especially as they eye Fed rate cuts in 2024.

An under-the-radar recession indicator in the bond market is raising alarm that the economy could be heading for a hard landing, according to ING Economics.

Strategists at the analytics firm pointed to a tight correlation between US Treasury yields and Bund yields in Europe, with both yields slipping in recent weeks as markets reprice their interest rate expectations over the short-run. 

Tags
economy, Markets, us-economic-outlook, recession-outlook, recession-2024, fed-rate-cuts-outlook, fed-rate-cuts-2024, us-economy-and-markets, treasury-yields, interest-rate-outlook
Source
An under-the-radar recession indicator in the bond market is sounding the alarm…