United States

Turbulent economic start to 2019


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The new year is off with a bang as market volatility from late 2018 continues. Plunging treasury yields, particularly in the front of the curve, sent the spread between 10-year and 2-year U.S. Treasuries to 0.16 percent. The U.S. Treasury curve has not been this flat since the summer of 2007, six months before the Great Recession.

In our view, the relatively flat yield curve does not portend a recession, but is consistent with a downshift in the global economic outlook against the backdrop of tightening financial conditions. The bond market is sending Federal Reserve policymakers a clear message: No more rate hikes!

Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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