It does not indicate recession. It simply indicates that investors think interest rates will be lower in the future.
What? Short term rates, or long term rates? Wouldn't either of those rates becoming lower stimulate the economy? Then why is this Dow Jones owned news service speading such stupendous lies???
Oh! And wouldn't lowering interest rates seen in the future make the bond market go nuts with glee???
Plus, all of the Asian money in our Treasury market is keeping the long end of the curve down. Until there is demand from investors to increase those rates, we won't see them rise. This is good news for our mortgage market.
I just hope the Fed stops raising short-term rates soon, and it looks like they will.