
Finance News
Why Credit Spreads Are Among the Best Recession Signals We Have
The gap between corporate bond yields and Treasuries prices default fear in real time — and its widening has preceded most modern downturns.
Corporate activity with sector consequences: mergers, plant openings and closures, capital spending commitments, restructurings and management changes.

The gap between corporate bond yields and Treasuries prices default fear in real time — and its widening has preceded most modern downturns.

The Fed's balance sheet swelled past eight trillion dollars and has been shrinking since 2022 — the tools, the transmission, and the honest evidence.

Not by decree but by corridor: a target range, an administered rate, and a quarter-trillion-dollar plumbing operation that runs every night.