CBRE: Yield-Curve Inversion Raises Alarms; Real Estate Remains Safe Bet

Executive Summary With the 10-year Treasury yielding less than both two-year and three-month bonds (a “yield-curve inversion”), fears of an oncoming recession have risen sharply despite robust consumer confidence, reasonable economic growth and a strong real estate market.The drop in the 10-year Treasury yield (more than 150 bps since November)—the backdrop to today’s yield-curve inversion—reflects […]