Analysts said the trigger for Tuesday's falls appeared to be concerns about the "yield curve", which measures the difference between the interest rates paid on short-term and long-term US bonds.
At the same time, they are accepting relatively lower rates on long-term debt, in anticipation of limited inflation and slower economic growth over the next decade.
Historically, when short-term rates rise above longer rates, it signals a recession may be on the horizon.
歴史的には、短期金利が長期金利を上回るとき、それはリセッションが起きそうだという兆候となる。
でも、どうしてイールドカーブの逆転が起きたのか?
それはやっぱり貿易戦争のせいだと考える方が当たっているでしょう。
トランプ大統領がツイートしています。
The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro.....
......on seeing whether or not a REAL deal with China is actually possible. If it is, we will get it done. China is supposed to start buying Agricultural product and more immediately. President Xi and I want this deal to happen, and it probably will. But if not remember,......
....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN
.....But if a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the negotiations begin. MAKE AMERICA GREAT AGAIN!
We are either going to have a REAL DEAL with China, or no deal at all - at which point we will be charging major Tariffs against Chinese product being shipped into the United States. Ultimately, I believe, we will be making a deal - either now or into the future....