The Bond Buyer published this article today, quoting John Donaldson, Haverford Trust Vice President & Director of Fixed Income, among other experts to help analyze the significance of today’s bond market event. For a brief period today, a key portion of the yield curve inverted, meaning the yield on two-year U.S. Treasury notes was higher than that on the 10-year; joining other parts of the curve that inverted earlier this year and remain inverted. John’s comments can be found in paragraphs 9 – 11 in this article http://bit.ly/bondinversion.
